Journals, Ledgers, and Cash Books

Purchases journal

Sales return journal

General journal

Cash receipts journal

Debit and Credit = Bank and Electricity

Debit and Credit = Electricity and Bank

Debit and Credit = Purchase and Bank

Debit and Credit = Electricity and cash

Nominal accounts

Real accounts

Cash accounts

Capital accounts

Cash book

Two columns cash book

Three columns cash book

Petty cash book

Nominal accounts

Real accounts

Cash accounts

Banks accounts

Purchases made but not paid for at time of purchase

Returns of goods purchased on credit

Purchases made for immediate cash settlement

Purchases of assets to be used within the firm

Capital account

Cash account

Drawings account

Credit account

Credit sales

Credit purchases

Credit sales and purchases

Cash sales and purchases

High expenditure on set-up

Required staff training

Possible demotivation through redundancies

Savings made on labor costs

Cash receipts journal

Cash payments journal

Sales journal

Purchase journal