Identify the book of original entry each of the following transactions can be posted.
i)Paid salaries by cheque
ii)Returned goods to a supplier
iii)Sold goods on credit
iv)Bought delivery van on credit
Answer:
i)Paid salaries by cheque-Cash payment journal
ii)Returned goods to a supplier-Purchase return journal
iii)Sold goods on credit-Sales journal
iv)Bought delivery van on credit-General journal