Journal Book Of Prime Entry

Accruals and prepayments.

Journal book of prime entry. Sales returns day book. Petty cash receipts book. A book or record in which certain types of transaction are recorded before becoming part of the double entry book keeping system.

The process of recording transaction in a journal is called as journalisation. Record the movement in the allowance for receivables. Book of prime entry in a dictionary of accounting.

The most common books of prime entry are the day book the cash book and the journal. Sales day book. The journal is a book of prime entry which records transactions which are not routine and not recorded in any other book of prime entry for example.

A journal is often referred to as book of prime entry or the book of original entry. This is the book of prime entry for credit sales where all credit sales of the day are listed and totaled. Purchases returns day book.

Year end adjustments depreciation charge for the year. Petty cash payments book. In this book transactions are recorded in their chronological order.