C2 - section 1 books of prime entry intro Flashcards
1
Q
Books of prime entry may also be referred to as what?
A
Day books.
2
Q
what are the day books know for?
A
They are the first recording of a transaction of the business and taken from source documents.
3
Q
how many books of prime entries are there?
A
8
4
Q
What are the 8 books of prime entry?
A
- Sales day book
- Purchases day book
- Sales returns day book
- Purchase returns day book
- Cash book
- petty cash book
- Discounts allowed day book
- Discounts received day book
