A book or record where specific types of transactions are logged before being integrated into the double-entry bookkeeping system. Common examples include the day book, cash book, and journal.
A specialized book of prime entry recording specific transactions, serving as a foundation for accurate bookkeeping and financial reporting.
A journal is a book of prime entry used in accounting to record transfers from one account to another. These entries are not recorded in other primary entry books like the sales day book or the cash book.
An original entry error is a mistake made in a book of prime entry such as a purchase incorrectly entered in the purchase day book, which is not revealed by a trial balance.
The purchase day book, also known as the bought day book or purchases journal, is the book of prime entry where invoice amounts for purchases are recorded.
Understanding the returns inwards book is crucial for effective bookkeeping as it helps track the goods returned by customers and impacts various ledger accounts.
