Acc Notes

www.studyguide.pk BOOKS OF ORIGINAL ENTRIES These are the record passwords of front main course. The transactions are outset recorded in these books before being entered in the volume books. These books are also c eithered as books of Prime entry or Subsidiary books. They are six in number. 1. Purchases ledger (or Purchases carry) apply to record every last(predicate) citation purchases of goods. It is write up from invoice. 2. sales journal (or gross revenue throw) is apply to record whole the attribute sales of goods. It is written up from the invoice. 3. Sales occurs Journal (or Return Inwards Book): It is used to record tout ensemble returns inwards. It is written up from the copies of the computer address nones send to customers. 4. Purchases Return Journal (or Returns outward Book): It is used to record exclusively purchases returns. It is written up from the credit notes received from the suppliers. 5. Cash Book: It is used to recor d all receipts and payments of cash and cheques. It is been granted the ruling in such(prenominal) a way that it acts some(prenominal) as a book of buffer entry and book account. 6. oecumenic Journal (or Journal): This book is used to record all those items or transactions that can not be recorded in any other book of original entry wish well i. Correction of errors ii. first step entries iii. Purchase or Sale of Assets on Credit etc. Studyguide.

PK Accounts Revision Notes Page 1 www.studyguide.pk BOOKS OF FINAL ENTRY book of account BOOKS book of account books are the books of final entr y which contains the unhomogeneous accounts! to which the entries made in the Books of Original entry are transferred. theatrical role OF LEDGER BOOK 1. Purchases al-Quran Book: This book contains all the accounts of Suppliers. 2. Sales Ledger Book: This book contains all the accounts of Customers. 3. General Ledger Book: This book contains all the rest of the accounts like, Assets Accounts, expenses account, losses account, etc., and also the total purchases account, Total sales account, Total Sales returns account, Purchases Returns account. It...If you want to get a full essay, order it on our website: BestEssayCheap.com

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