All 5 Journals & Ledgers questions
More in Journals & Ledgers
What is the difference between a journal and a ledger? What is the general journal used for? What does posting mean? What is the difference between the general ledger and subsidiary ledgers?
Advertisement
Back to results for “Books of Prime Entry”
Financial Accounting › Journals & Ledgers

What are books of prime entry (special journals)?

Intermediate

Answer

Dedicated books for high-volume transactions: sales day book, purchases day book, cash book, and returns books, which are then posted to the ledger in totals.
Sales Day Book -> total posted to Sales Ledger Control & Sales
Real-world example A retailer records hundreds of daily sales in the sales day book, not one journal each.
All 5 Journals & Ledgers questions