Topic 5: Creditors journal

 We will continue with our book of first entry, and today we will learn about Creditors journal

What is Creditors journal ?

Is a book of first entry used to record credit purchases. 

A Creditors journal is also useful because:

  • It provides the total credit purchases amount for the month 
  • It reduces the number of entries in the purchases account 
  • It provides the purchases figure needed to draw up the control accounts 
  • For inventory control purpose 
This book only used  for credit purchases.

Format of Creditors journal 



Click on the link to see recording transactions in the Creditors journal 👇👇


Good luck 🤗

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Topic 6: Returns journal: sales returns journal

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