Ledgers and the Trial Balance
This book is a ledger and a book of original entry.
What is a Cash Book
These books record credit and debit purchases.
What are the Sales and Purchase Journals
This document records cash purchases or sales made by a business
What is a receipt?
This book has creditor accounts.
What is a Purchases Ledger
This book keeps track of small expenditure
What is a Petty Cash book
This document is written after purchases are made.
What is a petty cash voucher?
This book records anything that the other ledgers don't.
What is the General ledger?
This book records the value of goods returned to a supplier.
What is the Return Outward Journal.
These documents record credit purchases or sales.
What are invoices?
The trial balance is used to check for this thing.
What are errors
This book will always show a fixed balance b/d.
What is a Petty Cash Book?
This document reduces the amount a customer needs to pay.
What is a credit note.
The trial balance contains these kind of balances
What is Balance brought down
This column connects Books of original entry to ledgers.
What is the folio column
This document will cause a debit on a supplier account.
What is a debit note?