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Books of Prime Entry and Ledgers
Quick questions on The general journal and ledgers explained: O-Level Principles of Accounts
6short 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 general journal?Show answer
The general journal records transactions that do not belong in any of the special journals or the cash book. Each entry shows the account to debit, the account to credit, both amounts, and a narrative (a short explanation). It is used for:
What is the format of a journal entry?Show answer
Narrative: a short sentence beginning "being..." that explains the entry.
What is dividing the ledger?Show answer
The ledger would be unwieldy as one book, so it is split into three:
What is q1?Show answer
State two transactions that would be recorded in the general journal. [2 marks]
What is q2?Show answer
Give the journal entry for buying office furniture \2\,000$ on credit from DeskCo. [2 marks]
What is q3?Show answer
State which ledger holds a credit customer's account and which holds the Rent account. [2 marks]
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