Books

of prime entry

Financial reports

Sales returns day

book

Documents
(invoice, receipt or credit note)

Sales day book

Business transac*on
(Sale, purchase or return)

Purchase day book

Purchase returns day
book
Cash book
PeCy cash book

Ledger accounts

Statement of prot and

loss
Trial balance
Statement of nancial
posi*on

Journal

(1) Recording
data
Enter
transac*ons into
books of prime
entry (day
books)

(2) Classifying
data
Post entries into
ledgers

(3) Summarising
data
Transfer
balances from
ledgers to
generate a trial
balance

(4)
Communica;ng
data
Financial reports