Books of original entry & ledgers - ppt video online download

... a basic description of the different 'books & ledgers' used Should be able to describe the process of recording transactions in a book of original entry ... Upload Login Mypresentations Profile Feedback Logout Search Login Login Authwithsocialnetwork: Registration Forgotyourpassword? Downloadpresentation Wethinkyouhavelikedthispresentation.Ifyouwishtodownloadit,pleaserecommendittoyourfriendsinanysocialsystem.Sharebuttonsarealittlebitlower.Thankyou! Buttons: Cancel Download Presentationisloading.Pleasewait. Video Slideshow ToviewthisvideopleaseenableJavaScript,andconsiderupgradingtoawebbrowserthat supportsHTML5video Booksoforiginalentry&ledgers PublishedbyKatelinWilkes Modifiedover6yearsago Embed Downloadpresentation Copytoclipboard Similarpresentations More Presentationontheme:"Booksoforiginalentry&ledgers"—Presentationtranscript: 1 Booksoforiginalentry&ledgersACCN1 2 LessonObjectiveMustbeabletogiveabasicdescriptionofthedifferent‘books&ledgers’usedShouldbeabletodescribetheprocessofrecordingtransactionsinabookoforiginalentryCouldbeabletoexplainwhateachbookoforiginalentryisusedforaswellasjustifytheneedforthesebooks 3 QuestionIfyouweregoingtorecordthetransactionofsellingacartoMrSmith,whatdetailswouldyouwanttowritedown(record)Makealistofwhatyouwouldrecordandwhyyouwouldneedthisinformation. 4 BooksoforiginalentryFirstrecordoftransactionsSeparatebookforeachtypeoftransactionSalesPurchasesCashReturnsinetcDateoftransaction(Dateorder)DetailsrelatingtothesalesFoliocolumn(cross-referencetosourcedocument)Monetaryamounts 5 Whatbooksareused?DayBooks–recordsthedailytransactionsSalesdaybookPurchasesdaybookReturnsinwardsdaybookReturnsoutwardsdaybookCashBook–recordsthereceipts&paymentsofcash&chequesJournal(GeneralJournal)–allotheritemsnotincludedinthebooksaboveJournalcanalsobeinterchangedwiththewords“daybook” 6 Whatareledgers?SummaryofthedaybooksmadeeachdaySummariesplacedintheLedgersSalesledger–customerpersonalaccountsPurchaseledger–supplierspersonalaccountsGeneralledger–remainingaccountsExpensesNon-currentassetsCapital 7 FlowDiagramAllbusinesstransactionsClassify–putsametypeoftransactionstogetherCreditSalesCreditPurchasesReturnsInwardsReturnsOutwardsCashreceipts&PaymentsOtherTypesEnterinSalesDayBookEnterinPurchasesDayBookEnterinReturnsinwardsDayBookEnterinReturnsOutwardsDayBookEnterinCashBookEnterinJournalEnterindoubleentryaccountsinthevariousledgers–Sales,Purchases&GeneralLedger 8 TypesofAccountsSeparatedintotwotypesofaccountsPersonalAccounts–DebtorsCreditorsImpersonalAccounts–RealAccounts(possessions)BuildingsMachineryInventoryetcNominalAccountsExpensesIncomeCapital 9 DayBooksActivityPg14&15ofyourtextbookCompletetheactivityusingthetemplategivenPg21ofyourtextbookCompletetheexamstylequestionusingthetextbooktohelpyou. 10 CashBookTypeofLedgerCanbeTwoorThreecolumnContainsalldetailsofcash&chequesreceivedCanbecheckedagainsttheBANKSTATEMENTwhenreceivedfromthebank 11 PostingCompletingtheentryoftransactionsintotheaccounts“POST”itemsfromsalesdaybooktothesalesledger“POST”itemsfromcashbooktothesalesledger 12 FolioColumnsMentionedbeforeintheDayBooksDetailsthatallowcross-referencetotheDoubleEntryDetailsofthenameofthebookandpagenumberForExampleinthecashbook-SL45–referstothesalesledger,page45Inthesalesledger–CB37–referstothecashbook,page37 13 Discountsallowed/receivedDiscountsaregivenforpayinganaccountearlyUsuallya%ofthetotalamountdueAppearsinthe“profit&loss”sectionoftheIncomeStatementNOTacostofgoodssoldNOTadeductionfromthesellingpriceDiscountsALLOWED–giventothecustomersDiscountsRECEIVED–giventothebusinessfromsuppliers 14 AddingdiscountstotheGeneralLedgerTotalofdiscountsonthereceiptssideofcashbookEnteronDEBITsideofdiscountsALLOWEDaccountTotalofdiscountsonthepaymentssideofthecashbookEnterontheCREDITsideofthediscountsRECEIVEDaccountNOTEthatthetotalsofthediscountsareNOT‘broughtdown’intheCashbookasperthecash&bankaccounts 15 Downloadppt"Booksoforiginalentry&ledgers" Similarpresentations Processaccountspayableandreceivable Summarysofar……..SPECIALJOURNALSSpecialjournalsclassifyandsummarisedatafromsourcedocuments.Theuseofspecialjournalsallows. Part2IntroductionChapter9,SectionPreparepost-closingtrialbalance7.Postadjustingandclosingentries6.Journalizeadjusting. Salesdaybook&SalesledgerChapter14.Recap…Whengoodsarepaidforimmediatelytheyaredescribedas‘_________sales’.Wehavereceivedthe___________. 1BooksofOriginalEntry(原始分錄簿)andLedgers(分類帳)References：Chapter11-14,193. TheSalesJournalandthePurchasesJournal Asabusinessgrows,itsledgergrowstoo—thenumberofaccountsfor________________(A/R)and__________________(A/P)increasesasthebusinessexpands. LEDGER. TheOrganisationofAccountsChapter5.AccountingsystemoverviewBooksoforiginalentryDoubleentrytransactionsProfit&LossStatementTrialBalance. Whenthenumberofbusinesstransactionsisverylarge,recordingofalltransactionsinonejournalwillnotbeconvenientbutalsocausedelayin. TheOperatingCycleandMerchandisingOperations6. BUSINESSDOCUMENTS.StagesofFinancialRecordingCalculateNetProfitandCapitalEmployedPrepareFinalAccountsandBalanceSheetBalanceledgeraccounts. Double-entryaccounting.IntroductionEveryfinancialaccountingtransactionmustberecordedtwiceintheaccountsofabusiness:itmusthaveonedebit. FrankWoodandAlanSangster,FrankWood’sBusinessAccounting1,12thEdition,©PearsonEducationLimited2012Slide16.1Chapter16Returnsdaybooks. Chapter7Incomestatements:anintroduction Chapter13Cashbooks. FrankWoodandAlanSangster,FrankWood’sBusinessAccounting1,12thEdition,©PearsonEducationLimited2012Slide11.1Chapter11Booksoforiginal. Because,Weencourage,studywith,sharewith&prayforeachother! FinancialAccounting1Lecture–26RecapWiththeincreaseinbusiness,itbecomesdifficulttomaintainseparateaccountsforeveryDebtorandevery. ACT110IsEASYPOP!OurConfessionBecause,IamStudyingformy2ndTest! Similarpresentations Aboutproject SlidePlayer TermsofService DoNotSellMyPersonalInformation Feedback PrivacyPolicy Feedback ©2021SlidePlayer.comInc.Allrightsreserved. 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