Books of Prime Entry

Discounts Received Day Book

Contains all the discounts received from our suppliers e.g. prompt payments, bulk discounts and trade discounts

Journal Book

Contains various transactions that were not initially recoded in other books of prime entries

Cash Book Payments

Contains all payments out of the companies bank account, including cheques e.g. to suppliers or rent

Purchases Day Book

Contains all purchases made on credit (purchase invoices received from credit suppliers)

Purchases Returns Day Book

Contains records of goods returned to suppliers (for refund or credit)

Petty Cash Book

Contains records of small transactions paid for out of the petty cash tin e.g. buying milk for the office/ pens/ stamps

Sales Returns Day Book

Contains records of goods returned by customers (refunds or credit notes)

Sales Day Book

Contains all credit sales (sales invoices sent to credit customers)

Cash Book Receipts

Contains records of all receipts into the bank account (including cheque payments made by customers or proceeds of selling assets)

Discounts Allowed Day Book

Contains a record of prompt payment discounts we have given to customers