Chapter 9 Double Entry for Sales and Trade Recivables Flashcards
Which four books of prime entry are relevant for sales and trade receivables?
Sales Day Book
Sales Returns Day Book
Cash-Book debit side
Discounts Allowed Day Book
What is the first stage of the accounting process?
To enter details of transactions into the books of prime entry
What is the second stage of the accounting process?
Transfer details from the books of prime entry to the accounting records
What must be totalled then entered into the ledger accounts?
Sales Day Book
Which ledger account must the sales day book be entered into once it have been totalled?
General Ledger
Where must the gross amount,of every individual sales invoice, be entreated?
The individual credit customer account in the sales ledger.
Where must the totals for the sales return day books be posted?
General Ledger
Sales Ledger
