← 4.3 Source Documents and Books of Original Entry
The three-column cash book and discounts
Business Studies · Grade 10 · about 40 minutes
Adding discount columns, why they are memorandum only, and the difference between discount allowed and discount received.
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- 6 sections of explanation, worked examples and diagrams
- 1 practice task with hints and worked answers
- A quiz that marks itself as you go
- Your progress kept across every subject you take
Other lessons in this sub-strand
- Source documents
- Why records are kept: the audit trail
- The invoice
- Credit notes and debit notes
- Receipts and cash sale slips
- Cheques, counterfoils and paying-in slips
- The petty cash voucher
- The order cycle and its documents
- Books of original entry
- Which document feeds which book
- The sales journal
- The purchases journal
- The two returns journals
- The two-column cash book
- The three-column cash book and discounts
- The petty cash book and the imprest system
- The general journal
- Trade discount, cash discount, and checking your work