book of first entry


book of first entry
book of first entry ˌbook of ˌfirst ˈentry also ˌbook of ˌprime ˈentry noun [countable usually plural] ACCOUNTING
a book or computer record in which amounts that a company receives and spends are first recorded before total amounts are entered in ledger S (= official records):

• Check each item in the ledger with the book of first entry.

* * *

book of first entry UK US noun [C, usually plural] (also book of original entry, also book of prime entry) ACCOUNTING
a written or computer record in which the money a company receives and spends is first recorded: »

The totals from the book of first entry will later be copied into a book of final entry.

Compare BOOK OF FINAL ENTRY(Cf. book of final entry)

Financial and business terms. 2012.

Look at other dictionaries:

  • book of final entry — ˌbook of ˌfinal ˈentry noun [countable usually plural] ACCOUNTING one of the books or computer records showing the totals of items shown separately in the book of first entry or day book; = LEDGER * * * book of final entry UK US noun [C, usually… …   Financial and business terms

  • book of original entry — 1. : journal 2. : any one of the books of account in which a transaction is first recorded * * * Bookkeeping. 1. a book in which transactions are recorded before being transferred into a ledger. 2. journal (def. 5a, b). * * * book of original… …   Useful english dictionary

  • book of original entry — The first permanent record of a transaction made by a shopkeeper or storekeeper, as a creditor of a customer, in the usual course of business and within a reasonably short time after the transaction itself, although the items may have been first… …   Ballentine's law dictionary

  • first entry — ➔ book of first entry …   Financial and business terms

  • entry — A declaration and request for customs release in respect of imports or goods intended for export. It is usually made on a Single Administrative Document ( SAD). Traders approved to do so can submit entries electronically. HM Customs & Revenue… …   Financial and business terms

  • First-mover advantage — is the advantage gained by the initial occupant of a market segment. This advantage may stem from the fact that the first entrant can gain control of resources that followers may not be able to match.cite book |last=Grant |first=Robert M.… …   Wikipedia

  • Book of Shadows (Charmed) — Infobox Charmed Artifact Title=The Book of Shadows First=Something Wicca This Way Comes Last=Forever Charmed Creator=Constance M. Burge Name=The Halliwell Book of Shadows Status=Intact Kind=Magical tome Affiliation=It was created by Melinda… …   Wikipedia

  • First National Bank of Omaha — Infobox Company company name = First National Bank of Omaha company company type = Private foundation = Omaha, Nebraska December 10, 1857 (as Kountze Brothers Bank); July 1, 1865 (First National Bank of Omaha) location = flagicon|USA Omaha,… …   Wikipedia

  • entry — en·try n pl en·tries 1: the privilege of entering real property see also right of entry 2: the act of entering real property a warrantless entry by the officer see also trespass …   Law dictionary

  • First DataBank — First DataBank, Inc. (FDB), currently owned by Hearst Corporation, is a publisher of pharmaceutical industry market information and information technology. The firm, headquartered in San Bruno, California, is best known for its controversial drug …   Wikipedia