Books of Original Entry and Ledgers

Which of the following is a 'Book of Original Entry' ?

• The sales (debtors) ledger.

• The purchases journal (daybook).

• The general (nominal) ledger.

• The purchases (creditors) ledger.

Which of the following are entered in the Purchases Journal (otherwise known as the Purchases Daybook) ?

• Payments to suppliers.

• Trade discount.

• Invoices received from suppliers.

• Cash discount (also known as settlement discount) received.

Which of the following is a personal account ?

• Buildings.

• Wages.

• Debtors.

• None of the above.

The nominal ledger (also known as the general ledger) is . . .

• the 'book' from which the trial balance is extracted.

• a 'book of original entry'.

• the 'book' in which transactions are first recorded.

• None of the above.

'Posting' means . . .

• making the first record of transactions.

• recording transactions in a book of original entry.

• transferring the total(s) of a book of original entry to the nominal (general) ledger.

• None of the above.