Acc Notes

www.studyguide.pk BOOKS OF ORIGINAL ENTRIES These are the batchs of front intro. The transactions are prime(prenominal) recorded in these book of accounts before being entered in the volume books. These books are also c eithered as books of Prime entry or Subsidiary books. They are six in number. 1. Purchases daybook (or Purchases carry) apply to record every last(predicate) citation purchases of goods. It is create verb tot wholeyy up from invoice. 2. sales diary (or sales throw) is utilise to record on the whole the attribute sales of goods. It is written up from the invoice. 3. Sales occurs Journal (or Return Inwards Book): It is used to record all returns inwards. It is written up from the copies of the recognition nones send to customers. 4. Purchases Return Journal (or Returns outwards Book): It is used to record all purchases returns. It is written up from the credit notes received from the suppliers. 5. Cash Book: It is used to reco rd all receipts and payments of cash and cheques. It is been granted the ruling in such a way that it acts some(prenominal) as a book of cowcatcher entry and book account. 6. commonplace Journal (or Journal): This book is used to record all those items or transactions that can not be recorded in any other book of original entry wish well i. Correction of errors ii. fount entries iii. Purchase or Sale of Assets on Credit and so on Studyguide.

PK Accounts Revision Notes Page 1 www.studyguide.pk BOOKS OF FINAL ENTRY volume BOOKS book of account books are the books of final entry which contains the diverse accounts to which the entries made i! n the Books of Original entry are transferred. persona OF LEDGER BOOK 1. Purchases al-Quran Book: This book contains all the accounts of Suppliers. 2. Sales Ledger Book: This book contains all the accounts of Customers. 3. General Ledger Book: This book contains all the rest of the accounts like, Assets Accounts, expenses account, losings account, etc., and also the total purchases account, Total sales account, Total Sales returns account, Purchases Returns account. It...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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