Books Of Prime Entry
Akopọ
Imagine posting every single credit sale straight into the ledger. A busy shop with hundreds of sales a day would bury its sales account under endless entries. Books of prime entry solve this. They are the books where a transaction is recorded first, before it ever reaches the ledger. They group similar transactions together, strip detail out of the ledger, and let the book-keeping be shared among several people. Every transaction begins its life in one of these books.
In this lesson you will meet all seven books of prime entry, learn which document fills each one and which ledger each one posts to, and practise writing up the cash book, the journals and the petty cash book. You will master trade and cash discount, the dual role of the cash book as both a book of prime entry and a ledger account, and the imprest system that keeps petty cash under control. These are the everyday mechanics of real book-keeping.
Awọn Afojusun
- how to process accounting data in the books of prime entry: cash book, petty cash book, sales journal, purchases journal, sales returns journal, purchases returns journal and the general journal.
- how to post the ledger entries from the books of prime entry.
- trade discount and cash discount and how these are treated.
- the dual function of the cash book as a book of prime entry and as a ledger account for bank and cash.
- how to record receipts and payments made by cash, cheques, debit and credit cards, online and bank transfers.
- the purpose of the imprest system of petty cash.
- how to apply the imprest system.
- the benefits and limitations of keeping cash at the business property.
- the benefits and limitations of using manual methods for the original entry of business transactions.
- the benefits and limitations of using digital methods for the original entry of business transactions.
Ẹ̀kọ́ Ohùn
Gbọ́ ẹ̀kọ́ yìí nínú áàpù
Àwòrán ọpọlọ
A ti ṣe àwòrán kókó yìí kí o lè rí bí àwọn èrò ṣe so pọ̀.
Ṣí àwòrán ọpọlọ nínú áàpù
Káàdì ìrántí
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Ṣe ìdánrawò káàdì wọ̀nyí nínú áàpù
Akọ̀wé Ẹ̀kọ́
Àkọsílẹ̀ Ẹ̀kọ́ Pípé wà lórí Ohun Èlò Green Bridge
Gba ohun èlò Green Bridge CBT sórí fóònù tàbí kọ̀mpútà rẹ fún gbogbo ilé ìkàwé IGCSE: ìwé ìdánwò àtijọ́, ìlànà ìdíwọ̀n, àwòrán èrò, káàdì ìkẹ́kọ̀ọ́ àti ẹ̀kọ́ ohùn.
Ìdánwò Ẹ̀kọ́
Oriire fun ipari ẹkọ lori Books Of Prime Entry. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.
Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.
Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.
- Which of the following is NOT a book of prime entry? A. Sales journal B. Cash book C. Trial balance D. General journal Answer: C
- Credit purchases are first recorded in the: A. Purchases ledger B. Purchases journal C. Cash book D. Nominal ledger Answer: B
- At the end of the month the total of the sales journal is posted to the: A. Debit of the sales account B. Credit of the sales account C. Debit of each customer's account D. Credit of the bank account Answer: B
- A customer owing $500 pays by cheque after deducting 2% cash discount. The amount of the cheque is: A. $500 B. $510 C. $490 D. $480 Answer: C
- Under the imprest system, the float is $150 and $90 was spent during the month. The amount reimbursed to restore the float is: A. $60 B. $90 C. $150 D. $240 Answer: B
Ṣiṣẹ́ lórí àwọn ìbéèrè wọ̀nyí nínú ohun èlò náà
Ṣiṣẹ́ lórí àwọn ìbéèrè wọ̀nyí nínú ohun èlò náà
Awọn Iwe Itọsọna Ti a Gba Nimọran
Ẹ̀kọ́ síwájú láti àwọn orísun ṣíṣí
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Abala ìwé ẹ̀kọ́
Analyze and Journalize Transactions Using Special Journals
"Principles of Accounting, Volume 1: Financial Accounting: Analyze and Journalize Transactions Using Special Journals" by OpenStax, OpenStax, Rice University, licensed under CC BY-NC-SA 4.0 (https://creativecommons.org/licenses/by-nc-sa/4.0/). Source: https://openstax.org/books/principles-financial-accounting/pages/7-3-analyze-and-journalize-transactions-using-special-journals. Access for free at https://openstax.org/books/principles-financial-accounting/pages/1-introduction
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Abala ìwé ẹ̀kọ́
Define the Purpose and Use of a Petty Cash Fund, and Prepare Petty Cash Journal Entries
"Principles of Accounting, Volume 1: Financial Accounting: Define the Purpose and Use of a Petty Cash Fund, and Prepare Petty Cash Journal Entries" by OpenStax, OpenStax, Rice University, licensed under CC BY-NC-SA 4.0 (https://creativecommons.org/licenses/by-nc-sa/4.0/). Source: https://openstax.org/books/principles-financial-accounting/pages/8-4-define-the-purpose-and-use-of-a-petty-cash-fund-and-prepare-petty-cash-journal-entries. Access for free at https://openstax.org/books/principles-financial-accounting/pages/1-introduction
Àwọn àjọ mìíràn ló tẹ̀ wọ́n jáde lábẹ́ ìwé àṣẹ ṣíṣí, a sì dá wọn lọ́lá bí wọ́n ṣe béèrè. Àwọn ìjápọ̀ ń ṣí ojú òpó wọn.
Ṣe Adaṣe Awọn Ibeere Idanwo Adaṣe
Ṣe o fẹ ṣe adaṣe awọn ibeere idanwo adaṣe nipa Books Of Prime Entry? Ṣe igbasilẹ ohun elo Green Bridge CBT lati wọle si awọn ibeere idanwo adaṣe ati awọn ayẹwo adaṣe kikun fun koko-ọrọ yii.
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