1.

After watching the videos and reading the information from the websites, answer the following questions:

a. What is a book of prime entry?

A=/ Main entry books are used to "capture" transactions as soon as possible so that they are not lost or forgotten later. The cash
book and petty cash book are part of the double entry system and record cash inflows and outflows.

b. What are the advantages of using books of prime entry?

A=/ Advantages of using main entry books • Totals are recorded from main entry books rather than each individual entry. This
means that double-entry accounts are used less frequently and are easier to read as a result. The main entry books provide a
backup of the information contained in the double entry accounts.

c. What are the main books of prime entry?

A=/ Purchase journal, Sales journal, Purchase returns journal, Sales returns journal,

2. Look for the definition of each type of book of prime entry and its used to complete the following chart.

Type of Definition Used for Format

book

Shopping diaries are a

type of general diaries, in
which all purchases and
expenses that are related
to the activity of the They are used to record
company must be transactions in accounts, bank
recorded, on a daily accounts, customer accounts,
basis, including the entry supplier accounts, and fixed
Purchase asset accounts. When posting
number, the date of
journal with a purchase journal, entries
acquisition, the name and
surname or the name of are always created in the
the sender, the concept of accounts. 
the purchase, the
amount. 
 

A sales journal is a
special routine journal
Sales used by businesses. used to record sales
journal Cash sales are usually transactions purchased on
recorded in a separate credit 
journal called a cash entry
journal.

Purchase is an auxiliary accounting It is used to count the amount of

returns book that records all returns that the company makes
journal returns that the company to its compadres or suppliers. 
makes to its buyers or
producers of goods or
products

 
 Sales  is an auxiliary ledger that
returns records all returns of
journal merchandise or products
of a company
Cash It is the daily payment
book control book in which
proof of income and
expenditure are recorded
chronologically and in
numerical order. 
Petty  the minor payments that
cash occur on a recurring basis
book are recorded.
General e they record, day by day,
journal the economic facts of a
company.
The entry of an economic
fact in the journal is called
a seat or item; In other
words, it records all the
transactions carried out
by a company. 
This is used to count the
number of returns of certain
products or the failures that
these products have 
serve to record the money that
comes in and leaves the
company daily in an orderly
manner 
It serves to quickly and without
much paperwork to solve
situations immediately such as
transport, hygiene items and
unforeseen events. 
record all the operations that the
company performs day by day,
these records are called entries
and are carried out in
chronological order