Books of prime entry：練習題

A trader receives a debit note from a customer who has been overcharged on an invoice. If the trader agrees with the claim, which document will they issue and in which book of prime entry will it be recorded?

What is the main source document used to record small cash payments in the petty cash book?

At the end of the month, the total of the sales returns journal is \(\$1,420\). How is this total posted to the nominal (general) ledger?

A trader receives a credit note for \(\$120\) from a supplier for faulty goods. In which book of prime entry is this transaction recorded?

A trader purchased office equipment on credit from Office Supplies Ltd for \(\$2,500\). One week later, the trader returned the equipment as it was faulty. In which book of prime entry should the trader record the return of the equipment?

Identify the most appropriate book of prime entry for each of the following transactions:
(a) Sale of goods on credit
(b) Return of goods by a customer
(c) Purchase of office equipment on credit
(d) Payment of electricity bill by cheque

Distinguish between trade discount and cash discount by explaining where each is recorded in the books of prime entry and how they affect the amount recorded in the ledger accounts.

A business uses a three-column cash book as part of its accounting system. Explain the dual function of this book and describe how the totals of the discount columns are processed in the nominal ledger compared to the bank and cash columns.