BOOKS OF PRIME ENTRY

7 Types of Journal =
1) General Journal

❑ To record the following:

a. Sales/purchases of non-current assets on
credit
b. Correction of errors
c. Opening entries
d. Transfers
e. Withdrawals of inventory for owner’s own use
f. Adjustments

2) Purchases Journal

❑ To record goods purchased on credit (Sources document: invoice received from

Supplier)

3) Sales Journal

❑ To record credit sales

❑ Invoice sent to account receivable

4) Return Outwards Journal

❑ To record transactions involving goods returned

to supplier

❑ A credit note received from supplier

5) Return Inwards Journal

❑ To record transactions involving goods returned by a

customer

❑ A credit note issued to a customer

6) Cash Receipt Journal

❑ To record all cash received from any sources

❑ The most common is the receipt and the cash

register summary

7) Cash Payment Journal

❑ To record all outflow of cash from the business for any

purposes

❑ Payment vouchers, cheque butt