ACCA Applied Knowledge · Financial Accounting · General ledger accounts and journal entries
Which of the following is a book of prime entry rather than part of the general ledger?
The sales day book is a book of prime entry because transactions are first recorded there before being posted to the general ledger. The control account, trade payables account and suspense account are ledger accounts, not original records of transactions.
- ASales day bookCorrect
- BReceivables ledger control account
- CTrade payables account
- DSuspense account
Explanation
Books of prime entry are where transactions are first recorded, such as the sales day book, purchase day book, cash book and petty cash book. The control account, payables account and suspense account are all ledger accounts, which are part of the double-entry system itself.
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