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ACCA Applied Knowledge · Financial Accounting · Double-entry bookkeeping principles including the maintenance of accounting records

Which transaction must be entered in the journal because no other book of prime entry is suitable?

Correcting a debit posted to the wrong expense account goes through the journal, because it is a non-routine adjustment with no specific day book. Credit purchases, cash receipts and customer credit notes each have their own book of prime entry.

  1. APurchase of goods on credit from a supplier
  2. BCash received from a customer
  3. CCorrection of an error where a debit was posted to the wrong expense accountCorrect
  4. DIssue of a credit note to a customer

Explanation

The journal records unusual items such as error corrections, depreciation, accruals and write-offs. Credit purchases go to the purchases day book, receipts to the cash book, and credit notes to the sales returns day book.

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