What Is 'Book Of Prime Entry'?


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Lily James answered

Book of Prime entry is a kind of accounting record. It records certain types of transactions which later become part of the double entry book keeping system.

It records the transactions of a business in chronological order  with an arrangement of type, cash, sales etc. This same book is later used for generating entries in double entry book keeping system.

Its examples include Cash book, journal and day books.

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