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Books of Prime Entry and Ledgers

Quick questions on The sales and purchases journals explained: O-Level Principles of Accounts

5short 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 are the day books?
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A day book (journal) lists one type of credit transaction in date order, taken from the source documents. There are four:
What are posting to the ledgers?
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When a journal is posted, the double entry is completed:
What is q1?
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Name the four day books and one source document for each. [4 marks]
What is q2?
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A purchases journal totals \5\,000$. State the posting to the Purchases account. [1 mark]
What is q3?
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Explain why credit sales are listed in a journal before being posted. [2 marks]

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