What is Sales Journal?

Ans.- A sales journal is a financial record used to record all sales made by a business. It is used to track the revenue generated by the sale of products or services to customers. Each entry in the sales journal includes the date, customer, amount, and description of the sale. The sales journal is used to track the revenue generated by the business, and the information recorded in it is used to prepare financial statements such as the balance sheet and income statement. The sales journal is also used to calculate the cost of goods sold (COGS) for tax purposes.