Zusammenfassung der Ressource
How accounting information is recorded
- Definition for book of Prime entry and a ledger
- Book of Prime entry: A record of a business transactions.
- Leger: a book or another type of collection of financial accounts.
- Processes used to record financial transactions
- ledger
- trial balance
- Financial statement
- General journal
- Describe the purposes of contents of the books of prime entry
- where transactions are first recorded
- It is made up of a cash book, a petty cash book, a purchase day book and a journal.