book of prime entry

book of prime entry
A book or record in which certain types of transaction are recorded before becoming part of the double-entry book-keeping system. The most common books of prime entry are the day book, the cash book, and the journal

Accounting dictionary. 2014.

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  • book of prime entry — A book or record in which certain types of transaction are recorded before becoming part of the double entry book keeping system. The most common books of prime entry are the day book, the cash book, and the journal …   Big dictionary of business and management

  • book of prime entry — noun a book of account in which transactions are initially recorded before being transferred to the ledger, as a cashbook or daybook. Also, book of original entry, book of originating entry; US, book of account …  

  • book of first entry — ˌbook of ˌfirst ˈentry also ˌbook of ˌprime ˈentry noun [countable usually plural] ACCOUNTING a book or computer record in which amounts that a company receives and spends are first recorded before total amounts are entered in ledger S (=… …   Financial and business terms

  • books of prime entry — A rather archaic term for accounting records used to summarize information before the information is transferred to a *general ledger. A *petty cash register is an example of a book of prime entry. Compare *subsidiary ledger …   Auditor's dictionary

  • book — /bυk/ noun 1. a set of sheets of paper attached together ♦ a company’s books the financial records of a company 2. ♦ to make a book to have a list of shares which he or she is prepared to buy or sell on behalf of clients COMMENT: The books of… …   Dictionary of banking and finance

  • cash book — The book of prime entry in which are recorded receipts into and payments out of the organization s bank account (compare petty cash). The cash book, unlike most other books of prime entry, is also an account, as its balance shows the amount due… …   Big dictionary of business and management

  • original entry error — A mistake made in a book of prime entry; for example, a purchase incorrectly entered in the purchase day book. Original entry errors are not revealed by the trial balance …   Accounting dictionary

  • day book — A specialized book of prime entry recording specific transactions. For example, the sales day book records invoices for sales, the purchase day book records invoices received from suppliers. Day book entries are transferred to memorandum ledgers …   Accounting dictionary

  • day book — A specialized book of prime entry recording specific transactions. For example, the sales day book records invoices for sales, the purchase day book records invoices received from suppliers. Day book entries are transferred to memorandum ledgers …   Big dictionary of business and management

  • original-entry book — See book of prime entry …   Big dictionary of business and management

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