原始分錄簿：練習題

Where would a business primarily record all credit purchases of goods?

At the end of the month, the total of the Purchases Returns Book is \( \$1,250 \). Which ledger entries are required to record this total in the nominal ledger?

Which of the following best describes the primary purpose of maintaining books of original entry?

Identify two books of original entry used in a business and state one purpose for each.

Identify the specific book of original entry used to record the return of goods previously bought on credit and explain where the total of this book is posted at the end of the month.

The General Journal is used to record transactions that do not fit into other books of original entry.

(a) List three types of transactions that are typically recorded in the General Journal.

(b) Prepare journal entries for the following transactions (narratives are required):
(i) A business owner, Alice, took goods costing \( \$400 \) for her personal use.
(ii) Office furniture was purchased on credit from Modern Office Ltd for \( \$2,500 \).
(iii) A debt of \( \$150 \) owed by B. Knight is to be written off as an irrecoverable debt.

(c) Explain how the entry for drawings of goods (i) affects the Purchases Account and the Drawings Account.