1)What is book of prime entry?

ANSWER:
Businesses uses book of prime to record goods sold on credit, goods
v
purchased on credit, sales return and purchases return.

2) What are the uses of prime entry?

ANSWER:

 Use of prime entry means that a lot of details are removed from
the ledger.
 Book keeping can be divided between several people.
 It assists with collating and summarizing of accounting
information.
 Book of Prim entry is also as books of original entry or
subsidiary books
 -All the transactions should be recorded in one of these books
before they entered in the ledger.

3) Name all books of prime entry?

ANSWER:
1. Cash Book
2. Petty Cash Book
3. Sales Journal
4. Purchases Journal
5. Sales Return Journal
6. Purchases Return Journal
7. General Journal

4) What is a sales journal?

ANSWER:
The sales journal shows a list of the names of businesses to which goods
were sold on credit, the value of the goods sold and the date on which
the sales were made.