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  • Source Documents and Books of Primary Entry

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    eliesha reji
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    The document lists source documents for common business transactions and the corresponding books of primary entry used to record the transactions. Purchase invoices, sales invoices, credit notes received and issued, paying-in slips, cheque counterfoils, bank statements, till rolls, and petty cash vouchers provide details of purchases, sales, returns, and cash payments that are recorded in the purchase journal, sales journal, returns inwards/outwards journals, cash book, and petty cash book. Invoices for non-current asset transactions are recorded in the general journal.

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    Source documents and books of primary entry

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    The document lists source documents for common business transactions and the corresponding books of primary entry used to record the transactions. Purchase invoices, sales invoices, credit notes received and issued, paying-in slips, cheque counterfoils, bank statements, till rolls, and petty cash vouchers provide details of purchases, sales, returns, and cash payments that are recorded in the purchase journal, sales journal, returns inwards/outwards journals, cash book, and petty cash book. Invoices for non-current asset transactions are recorded in the general journal.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views1 page

    Source Documents and Books of Primary Entry

    Uploaded by

    eliesha reji
    The document lists source documents for common business transactions and the corresponding books of primary entry used to record the transactions. Purchase invoices, sales invoices, credit notes received and issued, paying-in slips, cheque counterfoils, bank statements, till rolls, and petty cash vouchers provide details of purchases, sales, returns, and cash payments that are recorded in the purchase journal, sales journal, returns inwards/outwards journals, cash book, and petty cash book. Invoices for non-current asset transactions are recorded in the general journal.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Source documents and books of primary entry

    Source Document Types of transaction Books of Prime entry


    Purchase Invoice Purchases of goods on credit for Purchase Journal
    resale

    Sales Invoice For sale of goods on credit Sales journal


    Credit note received Received from a supplier when Returns outwards journal
    goods are returned,i.e returns
    outwards

    Credit note issued Sent to customer when goods Returns inwards Journal
    are returned i.e returns inwards

    Paying-in-slip counterfoil Details of cash and cheques Cash book


    paid into a bank account

    Cheque counterfoil Details of payments made by Cash Book


    cheque

    Bank Statement Details of small cash payments Cash book


    Till roll Cash sales Cash Book
    Petty cash voucher Details of small cash payment Petty cash book
    Invoice For purchase and sale of non General Journal
    current assets on credit

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