CIMA BA3 · Chapter 4 · Question 3 of 10
Which of the following would normally be recorded first in the journal?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) The annual depreciation charge on non-current assets
Explanation
The journal records non-routine items and adjustments, such as depreciation, error corrections and irrecoverable debt write-offs. Cash received is recorded in the cash book, invoices in the sales day book and petty cash payments in the petty cash book.
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