CBSE · Class 11 · Accountancy · Recording of Transactions - IIWhich of the following transactions is recorded in the Sales Book?
Step-by-Step Solution
The Sales Book is used exclusively for recording credit sales of goods dealt in by the enterprise. Cash sales and sale of assets are recorded elsewhere.
Detailed Options Breakdown
Option : Cash sales of goods
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - II.
Option 1: Credit sales of furniture
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - II.
Option 2: Credit sales of goods dealt in (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Sale of old machinery for cash
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - II.
💡 Study Guide: This question tests core syllabus concepts from Recording of Transactions - II. For formulas, key summaries, and mock exam reference guides, read the full Recording of Transactions - II Revision Notes.