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These are accounting journals where financial transactions are initially recorded....
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Why is ledger called a book of final entry?
Because it is prepared from the journal which is the book of "original entry".
What are examples of books of original entry?
Examples of books of original entry are the sales day book, the purchases day book, the sales returns book, the purchases day book, the journal, and the cash book. These are books used in accounting.
How do you write a bibliographic entry for a book?
Wikipedia has an entry: Bibliography. It gives you the elements of a bibliography and how to organize it.
How do you do when fail to create phone book entry in tata photon plus?
vikas
What is the term for an original draft of a book called?
orugami
Why is ledger called a book of final entry?
Because it is prepared from the journal which is the book of "original entry".
What is book of original entry?
"Journal" is called as book of original entry because at the occurance of any business transaction, entry is first of all recorded in journal.
What is another term for the book of original entry?
prime entry** good luck
What is the original book entry and their function?
original book entry refers to that book in which we maintain our daily records of the business . in this book we record all the things in daily basis that is why its also called daily basis accounts.
What are examples of books of original entry?
Examples of books of original entry are the sales day book, the purchases day book, the sales returns book, the purchases day book, the journal, and the cash book. These are books used in accounting.
Is a petty cash voucher a book of original entry?
yes
What is the Types of original book of entry?
1.cash book 2. bank book 3.general journal
Why cashbook is a book of prime entry and part of the double entry system?
The cash book is a book of prime (original) entry because it is written up from business documents. The cash book is part of the double entry system as it acts as ledger accounts for cash and bank.
What is double entry treatment of DISCOUNT Allowed and Received?
Discount allowed: original entry made in the discount allowed column on the debit side of the cash book and at the end of the month debited(after balancing the cash book) in the nominal ledger. The credit entry is made in the personal account of buyer. Discount received: original entry made in the discount received column on the credit side of the cash book and at the end of the month credited(after balancing the cash book) in the nominal ledger. The debit entry is made in the personal account of seller.
Why is a journal sometimes called original entry?
Because as soon as any business transaction occurred first of all it is recorded in journal and after that it is summarized in different ledgers that's is why it is called book of original entry.
Types of books of original entry?
cash book, petty cash book, returns inwards journal, returns outwards journal, yes
What is meant by journal vouchers and brief discussion?
A journal is a book in which transactions are recorded in the order in which they occur i.e chronological order journal is called a book of prime entry or original entry because all the book transactions are recrded in this book the proceess recording transactions in joural is called journalizing.
