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Question
What is meant by books of original entry?
Short Answer
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Solution
Books of original entry, also called books of prime or subsidiary entry, are where transactions are first recorded from source documents. These day books record transactions chronologically as they occur. Examples include the purchases journal, sales journal, returns journals, cash book, bills receivable/payable books, and the general journal. Entries from these are later posted to the ledger for final classification and summarisation.
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