ID #1226

How to record the multiple sale transactions per day as single entry in cash book?

Answer: To record the multiple sale transactions as single entry, you need to follow these steps:

  1. Find the total cash sale for the day.
  2. Create an account "Cash Sale" under group "Cash In Hand"
  3. Pass a contra entry as given below:

                   By Cash Sale ac Dr (total cash sale amount)

                   To Cash ac Cr (total cash sale amount)

 

For more details please visit: http://www.rancelab.com/help/fr6_accounting_transactions.htm

Tags: Cash Book

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