PRASAD RAM

1. Books of prime entry

2. Source documents
Transactions are recorded as and when
they take place based on authentic
documents or proofs or evidence. The
authentic prrof are called source
documents

4. Cash receipt/Voucher

5. Invoice

6. Debit Note

7. Credit note

8. Pay in slip

9. Cheque

10. According to this system every transaction
has a two fold effects. That is there are two
aspects involved namely receiving and giving
aspect. It denoted by debit (Dr) credit (cr)

11. Definition

15. Account
It is used for identifying a
person or an item
Account

18. Traditional approach
Under this approach the two fold aspects in
each transaction are recorded in the journal
by following double entry system

30. Classify the following into personal,
real, nominal accounts
• Capital
• BUilding
• Carrage inwards
• Commission recived
• Purchases
• Cash
• Bank
• Chandru
• Outstanding Wages