General Journal (Grade 10 NSC Matric Accounting): Flashcards
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General journal definition
General journal definition
Special book of first entry for unusual/non-standard transactions
Fol column purpose in general journal
Fol column purpose in general journal
Page reference in General Ledger or subsidiary ledgers
Entry: Cancelling discount on dishonoured cheque
Entry: Cancelling discount on dishonoured cheque
Dr: Debtors' control, Cr: Discount allowed
Entry: Writing off irrecoverable debt
Entry: Writing off irrecoverable debt
Dr: Bad debts, Cr: Debtors' control
Price for recording drawings/donations of stock
Price for recording drawings/donations of stock
Always at cost price, never at selling price
Entry: Interest on overdue debtor
Entry: Interest on overdue debtor
Dr: Debtors' control, Cr: Interest on overdue debtors
Entry: Donation of trading stock
Entry: Donation of trading stock
Dr: Donations, Cr: Trading stock (at cost price)
Entry: Owner's drawings of trading stock
Entry: Owner's drawings of trading stock
Dr: Drawings, Cr: Trading stock (at cost price)
How to correct errors in accounting
How to correct errors in accounting
Cannot cross out; must make proper correcting entries