book of original entry


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 entered as a temporary assistance to the memory upon some slate, book, paper, or other substance; it is of no consequence what the latter material was, or the size or shape, so long as the notation thereon was a mere minute, not intended to be preserved as evidence, but to be used in the preparation of a book of account to be preserved. 30 Am J2d Ev § 941. An original entry within rule admitting in evidence books of account consisting of such entries must have been made in the regular course of business; must, as a rule, have been a part of the series; must be fairly contemporaneous with the items entered; and must be the first permanent record of a transaction recorded. Anno: 17 ALR2d 239.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • 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 — A book maintained to record the day to day transactions of an entity, including the sale and delivery of goods. A book in which a detailed history of business transactions are entered. Nicola v. U.S., C.C.A.Pa., 72 F.2d 780, 783 …   Black's law dictionary

  • book of original entry — A book maintained to record the day to day transactions of an entity, including the sale and delivery of goods. A book in which a detailed history of business transactions are entered. Nicola v. U.S., C.C.A.Pa., 72 F.2d 780, 783 …   Black's law dictionary

  • book of original entry — Bookkeeping. 1. a book in which transactions are recorded before being transferred into a ledger. 2. journal (def. 5a, b). * * * …   Universalium

  • 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 (=… …   Financial and business terms

  • book of prime entry — noun a book of account in which transactions are initially recorded before being transferred to the ledger, as a cashbook or daybook. Also, book of original entry, book of originating entry; US, book of account …   Australian English dictionary

  • original entry — See book of account; book of original entry …   Ballentine's law dictionary

  • original entry error — A mistake made in a book of prime entry; for example, a purchase incorrectly entered in the purchase day book. Original entry errors are not revealed by the trial balance …   Accounting dictionary

  • original-entry book — See book of prime entry …   Big dictionary of business and management

  • book of account — Otherwise known as a shop book a book of original entry of transactions with customers in a store or shop, which is admissible in evidence in an action by the storekeeper or shopkeeper to recover on the account of a, customer, where properly… …   Ballentine's law dictionary


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