A trading business records its daily credit sales and customer returns in specialized books of prime entry. Match each accounting document or transaction summary on the left with its corresponding book of original entry or ledger posting rule on the right.
- Credit note issued to a debtor for returned goodsSource document for entries in the Sales Returns Journal
- Duplicate invoice issued to a customer for credit salesSource document for entries in the Sales Journal
- Monthly total of the Sales Day BookCredited to the Sales Account in the General Ledger
- Monthly total of the Returns Inward Day BookDebited to the Sales Returns Account in the General Ledger
Cevap
Credit note matches with source document for the Sales Returns Journal; duplicate invoice matches with source document for the Sales Journal; monthly total of the Sales Day Book matches with credited to the Sales Account in the General Ledger; monthly total of the Returns Inward Day Book matches with debited to the Sales Returns Account in the General Ledger.
The accounting entries and source documents are properly paired based on standard double-entry bookkeeping rules: credit notes document returns inward, sales invoices document credit sales, the Sales Day Book total increases revenue via a credit to the Sales Account, and the Returns Inward Day Book total reduces revenue via a debit to the Sales Returns Account.
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Anahtar Kavram
Books of Original Entry and General Ledger Posting Rules for Sales and Sales Returns
Tahmini Süre:1m 30s