What is Books of Original Entry?

Books of original entry are journals in which business transactions are recorded. Transactions can include sales, purchases, payments, and receipts. The book of original entry is the first place that an entry is made into the accounting records. This allows businesses to keep track of their financial activity and ensures that all transactions are accounted for.

A record book is a record of all transactions of a particular class. Entries in an accounting record are derived from the book of original entry. Essentially, it’s a type of ledger, and its entries are used to create financial statements. There are three main types of original entries: purchase invoices, sales invoices, and general journals. Let’s examine each of these types to understand how they are used.


In the accounting system, the books of original entry and ledger account are two primary types of accounting documents. The ledger accounts are uncluttered and brief, whereas the journals present detailed transactions. A journal acts as a backup of the ledger account, and both books are used to ensure accurate accounting. Keeping them separate is important to avoid exclusive control over the accounting system, as it can be more difficult to perpetrate fraud or make mistakes if they are not stored. Journals are normally reprinted with consecutive numbers.

The main components of a journal are the date and particulars of each transaction. Then comes the ledger folio, which records the debit and credit amounts of each transaction. Journals are often called day books. They can be used to track daily activities of a business. There are many different types of journals. One type is the general journal, used for recording everyday transactions that don’t belong in a special journal.

Purchase return book

A Purchase return book is a separate subsidiary book for records of returns of goods. Sometimes, a customer will return items for a defect or because they are not of high quality. In such a case, a separate book must be kept for purchases and return transactions. These purchases are not deducted from the purchase amounts in the Purchase book. A purchase return entry is made on the net amount of the original invoice. In some cases, the credit note is the source of the data for the Purchase return book.

In such cases, the customer may choose to return the product. The reason for this return may be a damaged product or a non-standard product. In other cases, it may be simply an insufficient quantity or a defective product. In any case, a return is necessary. Then, the supplier can either replace the product or issue a refund. Typically, the buyer will need to return the book in order to reclaim the money.

General journal

A general journal is a record of all financial and non-financial transactions of a business. This type of journal is the first place where information is recorded, and is often referred to as a book of original entry. Its pages usually contain columns four days long, a serial number for each transaction, and a debit or credit record. It is also possible for an organization to keep specialized journals.

A general journal is also used for adjusting entries. These records contain the account number, date, and brief description. However, they are not as detailed as the general ledger. This is because a general journal is used for a relatively small number of transactions. If you want to make an accurate adjusting entry, you will have to review all of your journals. But, keeping a general journal is a good start.

Purchase invoice

A purchase invoice is a document issued by a seller to a buyer. It includes a description of the goods and/or services that were purchased. The buyer accepts this as a legally binding contract between the two parties. It is typically written in 5 columns and has five columns of headers. A purchase invoice is also called a billing statement or bill. It can be viewed as a separate book from the sales ledger.

A book of original entry contains a chronological record of a business’ transactions. This book lists credits, debits, names of accounts, and other useful information. The book is also referred to as the purchase journal, or “purchase day book.” It records credit purchase transactions made for core products. This book is divided into two parts: the purchase invoice and the sales day book. Each journal records an individual transaction. Once the transaction is complete, it is transferred to the sales day book.

In conclusion, Books of Original Entry are an important tool for businesses and should be kept up-to-date with the latest information. They are a valuable resource for tracking finances, inventory, and other important information.

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