C2 - section 1 books of prime entry intro Flashcards Preview

AAT L2 - Bookkeeping trans' Chap' 2 > C2 - section 1 books of prime entry intro > Flashcards

Flashcards in C2 - section 1 books of prime entry intro Deck (4)
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1
Q

Books of prime entry may also be referred to as what?

A

Day books.

2
Q

what are the day books know for?

A

They are the first recording of a transaction of the business and taken from source documents.

3
Q

how many books of prime entries are there?

A

8

4
Q

What are the 8 books of prime entry?

A
  • Sales day book
  • Purchases day book
  • Sales returns day book
  • Purchase returns day book
  • Cash book
  • petty cash book
  • Discounts allowed day book
  • Discounts received day book