book of original entry

Definitions

1. 1

   A record book in which all transactions (or all of a certain class) of a business are…

   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.

   • 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.

The neighborhood