BÀI GIẢNG kế TOÁN QUỐC tế chapter 4 sources,records and books of prime entry

Part C

THE USE OF DOUBLE
ENTRY AND ACCOUNTING
SYSTEMS
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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

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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

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The role of source documents
Source documents
Business transactions are nearly always recorded on a
document. These documents are the source of the information
in the accounts. Such documents include the following:
•Quotation
•Sales order
•Purchase order
•Invoice
•Credit note
•Debit note
•Goods received note

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The role of source documents
Books of prime entry
The source documents are recorded in books of
prime entry.

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The role of source documents
Journal:
Journals are used to record source information that
is not contained within the other books of prime
entry. They record the following:

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

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Sales and purchase day books

Sales and purchase returns day books summarise goods
returned to/by the business.
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Cash book
Cash receipts and payments are recorded in the cash book.

Cash payments are recorded in a similar way.
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Cash book

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Cash books
Under the ‘imprest system’:

$

Reimbursement is made equal to the voucher payments
to bring the float back up to the imprest amount.

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