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SingaporeAccountingQuick questions

Books of Prime Entry and Ledgers

Quick questions on The journals and day books: N(A)-Level Principles of Accounts

4short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is the five main books of prime entry?
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Cash and cheque transactions go in the cash book, which is covered separately.
What is q1?
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State which journal records goods returned to a supplier. [1 mark]
What is q2?
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A sales journal lists \200,, \350350 and \450$. State the total and where it is posted. [2 marks]
What is q3?
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Explain one reason a business lists transactions in a journal before posting them. [2 marks]

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