Part C

THE USE OF DOUBLE
ENTRY AND ACCOUNTING
SYSTEMS
1


Part C
Chapter 4: Sources, records and books of prime
entry
Chapter 5: Ledger accounts and double entry
Chapter 6: From trial balance to financial
statements

2


Chapter 4

SOURCES, RECORDS AND
BOOKS OF PRIME ENTRY


Learning Objectives
1. The role of source documents
2. Sales and purchase day books
3. Cash books

4


•Period end adjustments
•Correction of errors
•Large / unusual transactions

7


Sales and purchase day books

Sales and purchase returns day books summarise goods
returned to/by the business.
8


Cash book
Cash receipts and payments are recorded in the cash book.

Cash payments are recorded in a similar way.
9


Cash book

10


Cash books
Under the ‘imprest system’:

$