Income derived from the 'usual' activities of the business
5 of 15
Carriage in
When a supplier charges for delivery on goods purchased
6 of 15
Carriage out
Expense- paying for delivery to customers
7 of 15
Six books of prime entry (Subsidiary books)
Sales day book, Purchase returns day book, Cash book, Journal, Sales returns day book, Purchase day book
8 of 15
Sales day book (Sales journal)
Source document- sales invoice, total is credited to the general ledger as the goods are given, Each customer in G.L is debited as they receive the goods
9 of 15
Purchase day book
Source document- purchase invoice , credit individuals account and debit general ledger
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