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Special Purpose Books Part 3 | Sales Book & Credit Note | Day 24 Accounting Challenge

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Special Purpose Books Part 3 | Day 24 | CA Devesh Thakur
๐Ÿ“– Day 24 ยท 50 Days Accounting Challenge

Special Purpose Books
Part 3

Sales Book Format ยท Sales Book vs Sales A/c ยท Return Inward ยท Credit Note

by CA Devesh Thakur
๐Ÿ“… Series: Day 24 of 50 ๐Ÿ“— Topic: Special Purpose Books โ€” Part 3 ๐ŸŒ etaxsave.com

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Day 24 Handwritten Note โ€” Special Purpose Books Part 3 by CA Devesh Thakur

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Day 24 โ€” Special Purpose Books Part 3
@cadeveshthakur.official
Sales Book format, Return Inward ke reasons, aur Credit Note kya hota hai โ€” sab ek reel mein! ๐Ÿ“’๐Ÿ”ฅ
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Special Purpose Books โ€” Part 3 ๐Ÿ“‹

Day 23 mein Purchase Book advanced format, Return Outward aur Debit Note seekha. Aaj Day 24 mein hum Sales Book ka format dekhenge โ€” jo Purchase Book jaisa hi hota hai lekin seller ke perspective se. Phir Sales Book vs Sales Account ka fark samjhenge, Return Inward (buyer goods wapas karta hai seller ko) ke reasons, aur Credit Note ka format โ€” jo seller buyer ko issue karta hai jab goods return hote hain.

๐Ÿ“ค Sales Book โ€” Format

๐Ÿ’ก

Sales Book = Purchase Book ka Mirror Image

Sales Book ka format Purchase Book jเฅˆเคธเคพ hi hota hai โ€” sirf perspective alag hai. Purchase Book mein Supplier (Creditor) ke details hote hain, Sales Book mein Buyer/Customer (Debtor) ke details hote hain. Same columns: Date, Particulars, Invoice No., L.F., Details โ‚น, Sales Value โ‚น, Freight/Packing etc., Total โ‚น.

Sales Book
Date Particulars
(Buyer/Customer + Items)
Invoice No. L.F. Details โ‚น Sales Value โ‚น Freight/
Packing โ‚น
Total โ‚น
5 Dec M/s PQR Retailers, Mumbai
200 units @ โ‚น250 each
Less: TD 5%
S-201 14 50,000
(2,500)
47,500
47,500 1,200 48,700
18 Dec M/s DEF Stores, Delhi
150 boxes @ โ‚น180 each (No TD)
S-202 19 27,000 27,000 600 27,600
31 Dec Sales A/c โ€” Cr.
(Monthly posting)
โ€” 76,300

PQR Retailers

โ‚น48,700

Sales โ‚น47.5K + Freight โ‚น1.2K

DEF Stores

โ‚น27,600

Sales โ‚น27K + Freight โ‚น600

Sales A/c Cr.

โ‚น76,300

Monthly total

โš–๏ธ Sales Book vs Sales Account โ€” Kya Fark?

๐Ÿ“’ Sales Book

Subsidiary Book (Special Journal)

Book of Original Entry

Ek register/book hai jisme credit sales ki details day-by-day record hoti hain. Har customer ka invoice separately enter hota hai.

Contains: Date, Customer name, Items, Invoice No., L.F., Details, Sales Value, Freight, Total.

๐Ÿ“ Month end pe total nikaalte hain โ†’ Sales A/c mein post karte hain.

Seller ke paas hoti hai

๐Ÿ“Š Sales Account

Ledger Account (Nominal A/c)

Ledger Account

Ek Ledger Account hai (Nominal A/c) jo P&L mein jaata hai. Sales Book se monthly total ek entry ke roop mein post hota hai.

Contains: Cr. side โ€” all sales amounts. Dr. side โ€” Returns/adjustments. Balance โ†’ P&L Trading A/c Cr. side.

๐Ÿ“ Sales A/c Cr. balance = Total sales for the period.

P&L (Trading) mein jaata hai

โœ๏ธ Month-End Journal Entry โ€” Sales Book Posting

๐Ÿ“‹

31-12-25 โ€” Monthly Posting from Sales Book

Each Debtor A/c Dr. individually | Sales A/c Cr. (total)

31.12.25
Logic: Sales Book mein credit sales record ki gayi. Month end pe sab ka total ek single journal entry se post karte hain. Note: Purchase Book mein Purchases A/c Dr. (ek entry) + Creditors Cr. (individual) โ€” lekin Sales Book mein ulta hota hai: Debtors Dr. (individual) + Sales A/c Cr. (ek entry).
Each Debtor A/c = Personal โ†’ Asset โ†’ Debit (individual amounts)
Sales A/c = Nominal โ†’ Income โ†’ Credit (total amount)
ParticularsL.F.Dr. (โ‚น)Cr. (โ‚น)
PQR Retailers A/c Personal1448,700โ€”
DEF Stores A/c Personal1927,600โ€”
Sales A/c Nominal
(Total credit sales for December)
โ€”76,300
(Being total credit sales for December 2025 posted from Sales Book)

โ†ฉ๏ธ Return Inward โ€” Goods Wapas Aana

Return Inward (ya Sales Return) = Buyer apne goods wapas Seller ko bhejta hai. Seller ke perspective se goods “andar” aa rahe hain โ€” isliye Return Inward.

Seller Buyer SELLS GOODS (Seller โ†’ Buyer) RETURN INWARD โ€” goods/material wapas Defective Goods Not as per Sample Not as per Order Received Late / Not Accepting

Reasons for Return Inward:

โŒ

Defective Goods

Buyer ko damaged/faulty goods mile โ€” wapas bhej diye.

๐Ÿ“‹

Not as per Sample

Sample dikhaya kuch aur tha, deliver kuch aur kiya.

๐Ÿ“ฆ

Not as per Order

Order mein alag cheez specify ki thi, alag aaya.

โฐ

Received Late / Not Accepting

Deadline ke baad aaya โ€” buyer ne accept nahi kiya.

๐Ÿ“’ Journal Entry for Return Inward (Sales Return)

ParticularsL.F.Dr. (โ‚น)Cr. (โ‚น)
Sales Returns A/c Nominal
(Reduces our sales income)
XXโ€”
Buyer A/c (Debtor) Personal
(Buyer’s liability decreases โ€” we owe them)
โ€”XX
(Being goods returned by buyer โ€” defective/not as per sample/order)

๐Ÿ“„ Credit Note โ€” Kya Hota Hai?

๐Ÿ“Œ Credit Note kya hai?

Seller issue karta hai โ€” Buyer ko inform karne ke liye ki “Maine tumhara account Credit kar diya hai” (matlab tumhe paisa milega ya kum dena hoga).

Return Inward ke time Seller โ†’ Buyer ko Credit Note bhejta hai.

Seller issues โ†’ Buyer receives

๐Ÿ“Œ Buyer A/c Dr. | To Sales A/c

Sales Returns A/c Dr. โ€” hamari income reduce hogi.
Buyer (Debtor) A/c Cr. โ€” buyer ko paisa wapas dena hai ya less charge karna hai.

Sales Returns A/c Dr. | Buyer A/c Cr.

๐Ÿงพ Credit Note โ€” Format

Seller M/s ABC

123, Main Cycle Bazar

CREDIT NOTE

Credit Note No.

117

Date

22nd Dec, 2025

To:

M/s DEF (Buyer)

Buyer Address

Particulars โ‚น
Damaged goods returned by you
(Return accepted โ€” credit being issued)
XX
Total Credit Amount XX

We are crediting your account for the above amount. This credit may be adjusted against future invoices or refunded as agreed.

For M/s ABC (Seller)

Authorised Signatory

๐Ÿ“Š Debit Note vs Credit Note โ€” Complete Comparison

FeatureDebit Note (Day 23)Credit Note (Day 24)
Issued ByBuyerSeller
Sent ToSeller/SupplierBuyer/Customer
PurposeInforming seller about Return OutwardAcknowledging Return Inward
OccasionPurchase Return (goods wapas kiye)Sales Return (goods wapas aaye)
Journal Entry โ€” Dr.Supplier A/c Dr.Sales Returns A/c Dr.
Journal Entry โ€” Cr.Purchase Returns A/c Cr.Buyer A/c Cr.
Effect on BooksReduces Creditor liability + Purchase expenseReduces Debtor asset + Sales income
Colour ConventionUsually Red coloured noteUsually Green coloured note
โš ๏ธ

Common Mistakes โ€” Sales Book & Return Inward

1. Cash sales in Sales Book: Sales Book = Credit sales only. Cash sales โ†’ Cash Book.
2. Sales Book posting confusion: Purchase Book โ†’ Purchases A/c Dr. (total) | Sales Book โ†’ Sales A/c Cr. (total). Debtors Dr. individually (not Sales A/c Dr.).
3. Return Inward entry galat: Sales Returns Dr. + Buyer (Debtor) Cr. โ€” NOT Cash Dr. (cash nahi aaya).
4. Credit Note = Debit Note: Same transaction โ€” different perspective. Buyer ka Debit Note = Seller ka Credit Note acknowledgement.

๐Ÿ”—

Connection with Previous Days

Day 23 (Purchase Book + Return Outward + Debit Note): Aaj Sales Book ka mirror image dekha โ€” same concepts, seller ki perspective se.
Day 22 (Special Purpose Books Part 1): Sales Book overview kiya tha โ€” aaj detailed format aur posting dekhi.
Day 18 (Ledger โ€” Debtors): Debtor A/c ka concept โ€” Sales Book posting mein Debtor A/c Dr. hota hai (asset badhta hai jab credit sale hoti hai).

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