Accountancy · Ch 4 — Recording of Transactions - II
Terms Introduced in the Chapter
Terms Introduced in the Chapter
The key terms introduced in this chapter, with a short meanin …
The process of transferring the entries recorded in the journal or the subsidiary books to the individual acc …
Another name for the subsidiary books (special journals) in which transactions of a repetitive nature are first recorded day by day befo …
A subsidiary book that records all cash and bank receipts and payments; it serves both as a journal of original entry and as the ledger account for cash and bank, so a separate cash/bank ac …
A book maintained by the petty cashier to record small, routine payments (postage, cartage, refreshments, etc.), usually und …
A subsidiary book in which only the credit purchases of goods dealt in by the business are recorded, at the invoice value …
A subsidiary book that records goods returned to suppliers that had been bought on credit; the source documen …
A subsidiary book in which only the credit sales of goods dealt in by the business are recorded, at the invoice value n …
A subsidiary book that records goods returned by customers that had been sold on credit; the source document …
Totalling both sides of a ledger account, finding the difference, and writing it on the shorter side as 'Balance c/d' so the two sides are equal; the balance is carried to the next period as 'Balance b/d'. Nomi …