Book of First Entry, Ledger and Trial Balance Question

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Presentation transcript:

Book of First Entry, Ledger and Trial Balance Question 2011 Question 1 Paper 2 Click here for summary of Double Entry Rules

Books of first entry Sales Day Book Sales Return Day Book Purchases Day Book Purchases Returns Book General Journal Post day books and cash book entries to the General ledger, Debtors ledger & creditors ledger. The general journal is a book of first entry, It is not part of double-entry bookkeeping system. So each entry in the general journal is entered in the appropriate ledger a/c on the same side as in the general journal.

Get balances from the ledger Accounts, keep dr balances on dr side, and cr balances on credit side.