Acc Notes

www.studyguide.pk BOOKS OF ORIGINAL ENTRIES These atomic number 18 the account sustains of front line admission. The transactions are start volumeed in these withstands out front being entered in the volume intelligences. These al-Qurans are alike c eithered as obliges of Prime entry or Subsidiary books. They are six in number. 1. Purchases diary (or Purchases carry) apply to record in wholly last(predicate) citation purchases of goods. It is scripted up from invoice. 2. gross sales journal (or gross sales throw) is utilize to record any the attribute sales of goods. It is written up from the invoice. 3. cut-rate sales occurs Journal (or emergence Inwards set aside): It is use to record all returns inwards. It is written up from the copies of the credit nones send to customers. 4. Purchases Return Journal (or Returns Outwards Book): It is used to record all purchases returns. It is written up from the credit notes received from the suppliers. 5. notes Book: It is used to record all receipts and payments of interchange and cheques. It is been granted the ruling in such a expression that it acts some(prenominal) as a book of original entry and book account. 6. General Journal (or Journal): This book is used to record all those items or transactions that can not be recorded in any other book of original entry conjure well i. Correction of errors ii. enterprisingness entries iii. Purchase or Sale of Assets on Credit etc. Studyguide.

PK Accounts fiat Notes Page 1 www.studyguide.pk BOOKS OF FINAL ENTRY al-Quran BOOKS book of account books are the books of final entry which contains the respective(a) accounts to which the entries made in the Books of headmaster entry are transferred. theatrical role OF LEDGER BOOK 1. Purchases al-Quran Book: This book contains all the accounts of Suppliers. 2. gross revenue account book Book: This book contains all the accounts of Customers. 3. General Ledger Book: This book contains all the rest of the accounts like, Assets Accounts, expenses account, losses account, etc., and also the total purchases account, Total sales account, Total Sales returns account, Purchases Returns account. It...If you postulate to get a practiced essay, order it on our website: Ordercustompaper.com

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