Sales Return Day Book

The sales return day book is used to record goods returned by customers. The sales return book is not part of the double entry posting and is simply a chronological list of credit notes issued to customers and used to post the accounts receivable and general ledgers.

Last modified August 22nd, 2019 by Michael Brown
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Purchases Returns Day Book

The purchase return day book is used to record goods returned to suppliers. The purchase return book is not part of the double entry posting and is simply a chronological list of supplier credit notes used to post the accounts payable and general ledgers.

Last modified August 22nd, 2019 by Michael Brown
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Closing Journal Entries

Closing journal entries are used to close the temporary accounts for the accounting period, and transfer the balances to the retained earnings account. The accounting closing entries are part of the accounting cycle.

Last modified July 16th, 2019 by Michael Brown
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General Journal in Accounting

The general journal is a journal used to record transactions which do not belong in any of the other special journals. The journal is not part of the double entry posting and is simply a list of journal entries in chronological order.

Last modified July 16th, 2019 by Michael Brown
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Cash Disbursement Journal

The cash disbursement journal is used to record cash paid by a business and in particular cash paid to suppliers for credit purchases. The cash disbursements journal is not part of the double entry posting and is simply a list of information relating to cash payments used to post the subsidiary and general ledgers.

Last modified July 16th, 2019 by Michael Brown
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Cash Receipts Journal

The cash receipts journal is used to record cash received by a business and in particular cash collection from credit sales to customers. The cash receipts journal is not part of the double entry posting and is simply a list of information relating to cash receipts used to post the subsidiary and general ledgers.

Last modified July 16th, 2019 by Michael Brown
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Sales Journal (Sales Day Book)

The sales journal is used to record credit sales to customers. The sales journal is not part of the double entry posting and is simply a list of information from merchandise sales invoices used to post the accounts receivable and general ledgers.

Last modified July 30th, 2019 by Michael Brown
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Purchases Journal (Purchase Day Book)

The purchases journal is used to record credit purchases from suppliers. The purchases journal is not part of the double entry posting and is simply a list of information from purchase invoices used to post the accounts payable and general ledgers.

Last modified August 22nd, 2019 by Michael Brown
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Special Journals to General Ledger Entries

The special journals to general ledger entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of special journals to the general ledger at the end of an accounting period.

In each case the journal entries show the debit and credit account together with a brief narrative.

Last modified July 16th, 2019 by Michael Brown
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Reversing Entries

Reversing entries are optional accounting journals which are made at the start of an accounting period, in order to cancel the adjusting entries made at the end of the previous accounting period, and simplify the bookkeeping process.

Last modified July 16th, 2019 by Michael Brown
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Perpetual Inventory System Journal Entries

The perpetual inventory system journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting under a perpetual inventory system.

In each case the perpetual inventory system journal entries show the debit and credit account together with a brief narrative.

Last modified July 16th, 2019 by Michael Brown
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