I n t e r a c t I v e t e X t foundations in Accountancy/ acca financial accounting (ffa/FA) bpp learning Media is an acca approved Content Provider

PART C: THE USE OF DOUBLE-ENTRY AND ACCOUNTING SYSTEMS 

 

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 

Business transactions are recorded on source documents. Examples include sales and purchase orders, 

invoices and credit notes. 

 

The main books of prime entry are as follows. 

 

(a) 

Sales day book 

 

(b) 

Purchase day book 

 

(c) 

Sales returns day book 

 

(d) 

Purchase returns day book 

 

(e) 

Journal (described in the next chapter) 

 (f) 

Cash 

book 

 

(g) 

Petty cash book 

 

Invoices and credit notes are recorded in day books. 

 

The cash book may be a manual record or a computer file. It records all transactions that go through the 

bank account. 

 

Most businesses keep petty cash on the premises, which is topped up from the main bank account. 

Under the imprest system, the petty cash is kept at an agreed sum, so that each topping up is equal to 

the amount paid out in the period.