What you'll learn
How transactions are first recorded before the ledger.
Key ideas
- Source documents: invoices, receipts and credit notes.
- Books of prime entry: the sales and purchases day books, the cash book and the journal.
- Petty cash for small everyday expenses.
Exam tips
- Match a document to its book of prime entry.
- Remember prime entry comes before the ledger.
Common mistakes
- Confusing invoices and receipts.
- Mixing up the day books.