Journals Flashcards
1
Q
What are primary journals?
A
-deal with prime entry
-accounting entries that can’t get into the general ledger in any other way
-non-regular entries
2
Q
What are some examples of primary journals?
A
-correct errors
-opening balances
-payroll transactions
-irrecoverable debts
-accruals/prepayments
-depreciation
3
Q
What are secondary journals?
A
-journals used to post from the books of prime entry
4
Q
What are some examples of secondary journals?
A
-daybooks
-cash book
-petty cash book
