Page 45 - F3 -FA Integrated Workbook STUDENT 2018-19
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Double-entry bookkeeping



               3.6 The journal






               The journal is a book of prime entry used to record transactions not recorded in any
               other book of prime entry. Examples of transactions recorded in the journal include:

                    the purchase and sale of non-current assets

                    recording the annual depreciation charge


                    the write-off of irrecoverable debts

                    allowances  for receivables

                    accruals and prepayments

                    transfers between accounts


                    the correction of errors.

               Every journal entry should have an equal value of debits and credits to post into the
               general ledger












































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