Accounting chapter 7 (Books of Prime entry)

Question 1

List the books of prime entry

Answer 1

.Purchase journal
.Purchase return journal
.Sales journal
.Sales return journal
.Petty cash book
.Cash book
.General journal

Question 2

Define sales journal

Answer 2

It shows a list of the names of businesses to which credit sales have been made, the value of the goods sold and the date on which the sale was made.

Question 3

Define sales return journal

Answer 3

The sales return shows a list of the names of businesses which have returned goods previously sold on credit

Question 4

Define purchase journal

Answer 4

The purchase journal shows a list of names of businesses that have made purchases on credit

Question 5

Define purchase return journal

Answer 5

It shows a list of names of businesses that have returned purchases made on credit