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 Form 4 Business Studies lessons: Source documents and books of original entry

Books of original entry:Definition and examples

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Books of original entry:Definition and examples
Definition:
-They refer to books where the first entry of transactions are made in a chronological sequence and then summarized before totals are posted to the ledgers.
-they are also called journals, day books, subsidiary books, diaries or books of prime entry.
Examples of books of original entry:
-sales journal
-purchases journal
-sales returns journal
-purchases returns journal
-cash receipts journal
-cash payments journals
-cash books


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