Topic 4: Debtors journal

By now you have learnt about the cash transactions in a business, using book of first entry. In this lesson you will learn about credit transactions by Debtors 

Debtors Journal  
Debtors journal is a book of first entry used to record credit sales.

This journal is useful because:
  • It provides the total credit sales amount for the month
  • It reduces the number of entries in the sales account in the general ledger 
  • It provides the sales figure needed to draw up the control accounts 
  • For inventory control purpose 
In the book of Debtors journal we only record items which bought on credit 

Format of Debtors journal 


Recording transactions in the Debtors journal, click on the link👇👇


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Topic 6: Returns journal: sales returns journal

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 We have two types of returns in the business, which  are: sales returns journal and purchases returns journal but today we will learn about sales returns journal. Sales returns is when the customer returns goods to the business. Also called returns inwards  What is Debtors returns journal? Is a book of first entry used for sales returns( when customers returns goods) This journal also has other uses:  It provides the total sales returns amount for the month.  It reduces the number of entries in the sales returns account  It provides the sales returns figure needed to draw up control accounts. For inventory control purpose. Format of Debtors returned journal Click on the link to see recording transactions in the Debtors returns journal  https://youtu.be/g5TBUx8867U Good luck!!
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