Fa1: Recording Financial Transations

Source documents

Petty Cheques
Cash received
Voucher

Cheque Pay slip

stubs
 Books of Prime Enrty

SALES DAY
Sales Day Book

Credit Sales Invoice, Credit

BOOK
Note Sent

Sales Returns Day Book

SALES
Sales returns, Credit notes

RETURNS DAY
BOOK
Purchase day book
PURCHASE
Credit purchase invoice, credit
note received
DAY BOOK
 Books of Prime Entry

Purchase returns day book

PURCHASE
Purchase returns/ Credit note
RETURNS DAY
received
BOOK

Cash book

CASH BOOK
Cash paid & Received

Petty Cash Book

PETTY
Notes and coinCASH
paid &
received
BOOK
QUESTION

Your business
You pays Asmith
receive an invoice form Aan
You sendYou
D pay D Smith
(a customer) $500
1 2 3 4
brown (ainvoice
supplier)
brownfor $450
for $300
$650
QUESTION

F jones (a customer)
You return goods to J Green to
1 2 3
returns goods
of $250 the
to
F Jones
value
the value
pays
of you $500
$504
 SALES DAY BOOK
RECEIVABLE
INDIVIDUAL
LEDGER
CUSTOMER ACCOUNT

CREDI SALES
T DAY
SALES BOOK

STATEMENT
OF PROFIT &
LOSS
The sales day book is a list of
GENERAL LEDGER
all invoices sent out to credit (SALES LEDGER)
customers each day
STATEMENT OF
FINANCIAL
POSITION
SALES DAY BOOK
 SALES RETURN DAY
BOOKRECEIVABLE
LEDGER
INDIVIDUAL
CUSTOMER ACCOUNT
ACCOUNT

SALES
SALES RETURN
RETURNS DAY BOOK

STATEMENT
OF PROFIT &
LOSS
GENERAL LEDGER
(SALES RETURN LEDGER)

STATEMENT OF
SALES RETURN DR FINANCIAL
POSITION
A/C RECEIVABLE CR
 PURCHASE DAY
BOOK
PURCHASE
LEDGER
INDIVIDUAL SUPPLIER
ACCOUNT
CONTROL
ACCOUNT

PURCHAS
CREDIT
E DAY
PURCHAS
BOOK
E

STATEMENT
OF PROFIT &
LOSS

GENERAL LEDGER
The purchase day book is a list of (PURCHSE LEDGER)
all invoices received from credit
suppliers each day STATEMENT OF
FINANCIAL
POSITION
PURCHASE DAY BOOK
 PURCHASE RETURN DAY
BOOK PURCHASE
LEDGER
INDIVIDUAL SUPPLIER
ACCOUNT
CONTROL
ACCOUNT

PURCHAS PURCHASE
E RETURN DAY
RETURN BOOK

STATEMENT
OF PROFIT &
LOSS
GENERAL LEDGER
(PURCHSE RETURN LEDGER)

STATEMENT OF
A/C Payable Dr FINANCIAL
Purchase Returns Cr POSITION
CASH BOOK
TYPES OF PAYMENT FROM
THE BANK

Cheque

Internet transfer

Direct debit

Standing order
CASH BOOK