Books of prime entry
Books of prime entry organise transaction data before amounts are posted to ledger accounts. They include sales and purchases day books, returns day books, the cash book and the journal. Similar transactions can be totalled for posting while individual customer and supplier records retain the detail. Computerised systems can perform the same functions without separate physical books.
Worked example
Credit sales invoices are entered in the sales day book; its total supports the revenue and receivables postings.
Common mistake
The sales day book usually records credit sales of ordinary trading items, not every cash sale or disposal of equipment.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | F1 | Supporting | July 2027–August 2028 |
| ACCA | F2 | Supporting | July 2027–August 2028 |
| ACCA | FA | Direct | September 2026–June 2027 |
| ACCA | K1 | Supporting | July 2027–August 2028 |
| CIMA | BA3 | Direct | Official assessment-window verification pending |
| FIA | FFA | Direct | September 2026–June 2027 |
Related terms
Also called: Books of original entry