Accounting Systems Flashcards
1
Q
Sales Day Book
A
Dr - SLCA
Cr - Sales
Cr - VAT
Dr Trade Receivables (customers)
2
Q
Sales Returns Day Book
A
Cr - SLCA
Dr - Sales Returns
Dr - VAT
Cr - Trade Receivables (customers)
3
Q
Discounts Allowed Day Book
A
Cr - SLCA
Dr - Cash Book (Bank or Cash)
Dr - Discounts Allowed
Dr - VAT
Cr - Trade Receivables (customers)
4
Q
Purchases Day Book
A
Cr - PLCA
Dr - Purchases
Dr - VAT
Cr - Trade Payables (suppliers)
5
Q
Purchases Returns Day Book
A
Dr - PLCA
Cr - Purchases Returns
Cr - VAT
Dr - Trade Payables (suppliers)
6
Q
Discounts Received Day Book
A
Dr - PLCA
Cr - Cash Book (Bank or Cash)
Cr - Discounts received
Cr - VAT
Dr - Trade Payables (suppliers)
7
Q
A
