How to post the purchases day book to the general ledger
The purchases day book is only a list. See how its three totals become one balanced entry in the general ledger.
Task 1Only the totals are posted2 questions
The day book is a list, not an account. Nothing is in the general ledger until the day book is posted.
At the end of the month the three column totals are posted. The invoices are not posted to the general ledger one by one.
| Date | Supplier | Invoice | Net | VAT | Total |
|---|---|---|---|---|---|
| 3 May | Kestrel Frames | K310 | 800.00 | 160.00 | 960.00 |
| 9 May | Dale Tyres | 7745 | 250.00 | 50.00 | 300.00 |
| 17 May | Lumen Lights | L092 | 120.00 | 24.00 | 144.00 |
| 24 May | Kestrel Frames | K342 | 430.00 | 86.00 | 516.00 |
| Totals | 1,600.00 | 320.00 | 1,920.00 |
Task 2Where each total goes4 questions
Task 3When the posting goes wrong2 questions