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Day Books Books of First Entry Prime Books. DocumentsDay BooksLedgers Trial Balance Trading, Profit & Loss A/C Balance Sheet.

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Presentation on theme: "Day Books Books of First Entry Prime Books. DocumentsDay BooksLedgers Trial Balance Trading, Profit & Loss A/C Balance Sheet."— Presentation transcript:

1 Day Books Books of First Entry Prime Books

2 DocumentsDay BooksLedgers Trial Balance Trading, Profit & Loss A/C Balance Sheet

3 Documents – Day Books Documents Purchases Invoices Sales Invoices Purchases Credit Notes Sales Credit Notes Cash Receipts Cash Payments Cheques Bank Statement Petty Cash Voucher Other Day Books Purchases Day book Sales Day book Purchases Returns Day Book Sales Returns Day book Cash Book Cheques Journal Petty Cash Book The Journal

4 Sales Day Book DateInvoice #CustomerRefTotal €Sales €VAT € Dr ReceivablesCr SalesCr VAT

5 Purchases Day Book DateInvoice #SupplierRefTotal €Purchases€VAT € Cr PayableDr PurchasesDr VAT

6 Sales Returns Day Book DateCr Note #CustomerRefTotal €Sales Returns €VAT € Cr ReceivablesDr Sales Returns Dr VAT

7 Purchases Returns Day Book DateCr Note #SupplierRefTotal €Sales €VAT € Dr PayableCr Purchases Returns Cr VAT

8 Cheques Payments Book DatePayeeChq #Total €Payables €Purchases €VAT €Wages € Electricity €Disc Received € Cr BankDr Payables Dr WagesDr Cash Purchases Dr VATDr Electricity Dr Creditors Control and Creditor A/C, Cr Discount Received A/C

9 Cash Receipts Book DateDetailsRefTotal €Receivables €Cash Sales €VAT €Dis Allowed Dr BankCr ReceivablesCr Cash SalesCr VATCr Debtors Control and Debtors A/C, Dr Discount Allowed A/C

10 Journal DRCR Dr …A/CX Cr …A/CX Being the ………………………………………………

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