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what is day book and how it is different from ledger
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Answer Posted / paddy saini
day book is a accounting book of original entry in which transactions such as sale and/or purchases are entered on the day they occur for later posting to the appropriate ledger(s)
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Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
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