Meaning of book of original entry | Babel Free

Definitions

A record book in which all transactions (or all of a certain class) of a business are recorded and from entries are made in accounting records such as the general ledger or subsidiary ledgers.

Examples

“When a transaction has been written down at length in a book of original entry, there is generally no occasion to make another minute of the same transaction before it is posted.”

“Each book of Original Entry is usually paged off by itself; and, if we have several original books, the phraseology before each item in the Ledger, will be sufficient to determine the kind of original book”

“WHEN a Day Book is kept it is called the Book of original Entry and will always be referred to in any case of doubt or dispute about the correctness of any entry upon the Ledger.”

“It being the book of original entry, no erasures are allowable; for with these, in a case of litigation, it would not be admitted into court as evidence”

“The Notes Receivable Register adopted here serves both as a book of original entry and as a subsidiary notes receivable ledger.”

“Auxiliary Books contain detailed information supporting the record in a book of original entry.”

“The “blotter," as it is often called, is a broker's or dealer's book of original entry and contains an historical account of all the daily transactions of the firm or its customers”

CEFR level