Answer: To record the multiple sale transactions as single entry, you need to follow these steps:
- Find the total cash sale for the day.
- Create an account "Cash Sale" under group "Cash In Hand"
- Pass a contra entry as given below:
By Cash Sale ac Dr (total cash sale amount)
To Cash ac Cr (total cash sale amount)
For more details please visit: http://www.rancelab.com/help/fr6_accounting_transactions.htm