The commonly used books of original entry are:

May 19th, 2015
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California State University - Bakersfield
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Sales Day Book (or Sales Journal) – for credit sales. Purchases Day Book (or Purchases Journal) – for credit purchases.Returns Inwards Day Book (or Returns Inwards Journal) – for returns inwards.

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The commonly used books of original entry are:l Sales Day Book (or Sales Journal) for credit sales.l Purchases Day Book (or Purchases Journal) for credit purchases.l Returns Inwards Day Book (or Returns Inwards Journal) for returns inwards.l Returns Outwards Day Book (or Returns Outwards Journal) for returns outwards.l Cash Book for receipts and payments of cash and cheques.l General Journal (or Journal if the term Day Book is used for the other books of originalentry) for other items.Types of ledgersThe different types of ledgers most businesses use are:l Sales Ledger. This is for customers personal accounts.l Purchases Ledger. This is for suppliers personal accounts.l General Ledger. This contains the remaining double entry accounts, such as those relating toexpenses, fixed assets, and capital.Types of ledgersThe different types of

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