Acct. Nov. 7 by Peter Melkonian

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Acct. Nov. 7

Published on Nov 19, 2015

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PRESENTATION OUTLINE

Source Documents

Mr. melkonian

Photo by remuz [Jack The Ripper]

papers that show the nature

of a transaction

Photo by kenteegardin

provides info needed to account for it properly

Photo by Teo

almost all account entries

based on source documents

Photo by TheAlieness GiselaGiardino²³

sometimes there are no source documents

withdrawal for personal use, memo from owner is fine here instead

Photo by monkeyc.net

supporting documents

where there is no source document could be...

Photo by francescomucio

support documents

Detailed calculations by accounting dept.
Document from long ago covering series of transactions, with current trans

companies are required to keep source documents

for reference, fixing errors, auditing, etc.

Photo by broken thoughts

cash sales slip

goods/service sold for cash - Bank DR, Sales CR

Photo by Ian Aberle

10.

sALES INVOICE

goods/services sold on account - not dealing with cash all the time

Photo by recreahq

11.

vendor

party that sells

Photo by moriza

12.

purchaser

party that buys

Photo by Konabish ~ Greg Bishop

13.

entry for a sales invoice

a/r: Debit, sales: Credit

Photo by prettydaisies

14.

point of sale summaries

computerized sales register which allows electronic transfer of funds

Photo by SFG

15.

end of business day

2 source documents produced

Photo by sleepyjeanie

16.

host reconciliation/card summary

types of credit cards/debit - sales/return/void

Photo by ecstaticist

17.

transaction log

details about each transaction - useful for customer disputes

Photo by MoonToad NL

18.

businesses often buy from other businesses

Photo by squareintheteeth

19.

purchase invoice

business form representing a purchase of goodsor services on account

Photo by @Doug88888

20.

journal entries for purchases

different debits - always credit a/p - since buying from other businsses

Photo by JoelMontes

21.

cheque copies

issued for a variety of reasons

Photo by liewcf

22.

Cheques issues for a variety of reasons. Cash purchases, wages, owner withdrawals, payments on account, etc.

Photo by Jack Spades

23.

journal entry for cheque

depends on transaction - could be credit/debit for assets or liability

Photo by Walt Stoneburner

24.

cash receipts daily summary

lists money coming in from customers

Photo by WarzauWynn

25.

remittance advice

form with the cheque explaining the payment

Photo by .v1ctor Casale.

26.

bank advices

bank initiates a change in account

Photo by Fu-Ran-Ku

27.

bank debit advice

informing business that there is a decrease made in business's bank account

Photo by Alan Cleaver

28.

bank credit advice

informing business of an increase made in the business's bank account

Photo by marcp_dmoz

29.

good summary pg 172

Photo by -Reji

30.

cost principle

accounting for purchases must be at the cost price to the purchaser

Photo by World Economic Forum