Q: Could you supply a definition of ‘Sales Journals’ and ‘Integrated Computerised Ledgers’?_2
7 September 2012
The sales journal is a book in which non-cash sales are recorded with details of customer, invoice, amount and date.
The sales journal is a book in which non-cash sales are recorded with details of customer, invoice, amount and date. These items are later posted to each customer’s account in the sales ledger.
Integrated computerised ledgers are accounting records kept in a computerised system that contains both financial and cost accounts. This avoids the necessity of...