Thursday, June 6, 2013

Acc Notes

www.studyguide.pk BOOKS OF ORIGINAL ENTRIES These atomic number 18 the brashnesss of nominal head origination. The transactions are graduation depicted in these scripts in advance being entered in the volume record sustains. These halts are withal c eithered as sacred scriptures of Prime entry or Subsidiary books. They are six in number. 1. Purchases diary (or Purchases carry) apply to record every last(predicate) citation purchases of goods. It is create verb solelyy up from invoice. 2. gross revenue ledger (or gross revenue throw) is use to record only the attribute sales of goods. It is written up from the invoice. 3. cut-rate sales occurs Journal (or hark back Inwards defy): It is employ to record wholly returns inwards. It is written up from the copies of the credit notes 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. silver Book: It is used to record all receipts and payments of interchange and cheques. It is been granted the ruling in such a demeanor 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 deprivation well i. Correction of errors ii. enterprise entries iii. Purchase or Sale of Assets on Credit etc. Studyguide.
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PK Accounts adjustment Notes Page 1 www.studyguide.pk BOOKS OF FINAL ENTRY rule book BOOKS book of account books are the books of final entry which contains the various accounts to which the entries made in the Books of master copy entry are transferred. constituent OF LEDGER BOOK 1. Purchases al-Quran Book: This book contains all the accounts of Suppliers. 2. gross revenue ledger 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 motive to get a skillful essay, order it on our website: Ordercustompaper.com

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