What is the book of an original post?

The book of the original record represents a physical placement where the accounting entry into financial transactions. These books include registers, magazines and books, although other items can be a book of original input. Accountants use these books to separate business transactions by type. Each book allows you to have accurate records for many types of transactions and use this information to create specific messages. Knowing which book to use and understand its importance is necessary when recording and reporting the company's financial information. Although private companies do not have to use these books often, public or government organizations may have more use for them. Each register refers to a fund that a public organization uses to pay for specific items. General use, payroll, maintenance and special projects are several common funds that may have accounting registers. Public organizations use Accounts Registers for Accounting Fund because appropriated funds are unable to have noneuse outside your intended purpose.

magazines are usually among the most common books of the original entry. The accounting log provides a chronological record for business transactions. Accountants record each transaction using the occurrence date that provides a chronological history for these transactions. Magazines include cash income and payouts, general transactions, wages and other similar types according to the needs of companies. Magazines provide a background for creating accounting messages and a statement.

The main book is perhaps the most important book of the original contribution in accounting. Ledger contains a summary of a total of every magazine that the company uses. It is a primary source for creating messages and reviewing information concerning business activities.This book of the original post is also subject to an external audit, while the auditors obtain information from the book to the magazines. Aggregated sums in the main book has to matchto each diary to adhere to the principles of national accounting correctly.

Accounting principles usually allow companies to create and use any books of the original input they need to record business transactions. The main standards that companies must follow include the use of debit and credits for each record and proveing ​​that all debit and credits are quite the same. These standards are own double -entry accounting principles, the main accounting method that companies use to record transactions. The use of registers, magazines and books meets these requirements. Each transaction often affects two or more of these books of the original record.