Multiple Choice Questions on The source document or voucher used for recording entries in Sales Book is ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

The source document or voucher used for recording entries in Sales Book is ........

General Accounting Principles Accounting cycles
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    The source document or voucher used for recording entries in Sales Book is 

    credit notes sent out

    Incorrect Answer

    Invoice sent out

    Correct Answer

    cash memo

    Incorrect Answer

    Debit notes received

    Incorrect Answer
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    Explanation:

    Sales Book records only credit sale of goods to the customers. When goods are sold, invoices are sent out to them and that only becomes the source document or voucher for recording transaction in sale book.

    By: SWAPNIL AGGARWAL
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