THERE IS a separate book for each different type of transaction.
They record the important details of a transaction and do not form a part of the double-entry system. A bill or a receipt is the documentary evidence of whether a transaction is for cash or credit. Source documents are used to make entries in the books of prime entry. The movement of stock is recorded in the following : - Purchases - Sales - Returns inwards - Returns outwards - The movement of cash is recorded in the: * Cash book * Petty cash * Other transactions are recorded in
the general ledger.