Unit-3-Accounting-Cycle-II

Unit3AccountingCycleIIKeytermsSalesdaybook销售日记账Salesreturnsdaybook销售退回日记账Bracket括号Purchasedaybook采购日记账Purchasereturndaybook采购退回日记账Cashbook现金账Pettycashbook零用现金簿Journal日记账Journalentry日记账分录Nominal(general)ledger总账KeytermsControlaccount控制账户Personalaccount个别账户，人名账户Receivableledger应收账款分类账Payableledger应付账款分类账Trialbalance试算平衡Posting转账Balanceb/d(broughtdown)期初余额Balancec/d(carrieddown)期末余额Statementofcomprehensiveincome综合收益表LearningobjectivesReviewthebasicstepsoftheaccountingcycleUnderstandthenatureandfunctionofbooksofprimeentryIdentifythemaintypesofledgeraccountRecordacompleteseriesofbasictransactionswithinadoubleentrysystemJournalizetheentriesforthebasicbusinesstransactionPostfromthedaybookstogeneralledgerRecognisethemainitemsoffinancialstatementSequenceofaccountingprocedures会计程序part1SourcedocumentsWagesdocumentChequesreceivedandpaidPettycashvoucherJournalvoucherBooksofprimeentryWagesbookCashbookPettycashbookJournalGeneralledgerBankaccountOtheraccountSequenceofaccountingprocedurespart2SourcedocumentsSalescreditnoteSaleinvoicePurchaseinvoicePurchasescreditnoteBooksofprimeentrySalesdaybookPurchasesdaybookLedgeraccountReceivablesledgerPayablesledgerGeneralledgerReceivablesledgercontrolaccountPayablesledgercontrolaccountBooksofprimeentry原始账簿Forrecordingallthedocumentedtransactionssentandreceivedbythecompany.BooksofprimeentryDocumentsrecordedSummarizedandpostedtoSalesdaybookSalesinvoices,creditnotessentReceivablesledger/controlaccountPurchasedaybookPurchaseinvoices,creditnotesreceivedPayablesledger/controlaccountCashbookCashpaidandreceivedNominalledgerPettycashbookNotesandcoinspaidandreceivedNominalledgerJournalAdjustmentsNominalledgerBooksofprimeentry——salesdaybook销售日记账Listofallinvoicessentouttocustomerseachday.SALESDAYBOOKDATE20X1INVOICENO.CUSTOMERRECEIVABLESLEDGERREF.TOTALAMOUNT$MAY100812AndyCoSL14105.000813SmithSL886.400814AlexCoSL631.80Total223.20Receivablesledgerref.isareferencetoapagefortheindividualcustomerinthereceivablesledger.Companymaysetthesalesreturnsbooktorecordthereturnsofgoods.Ifthere’snosalesreturnsbook,thereturnscouldalternativelybeshownasbracketedfiguresinthesalesdaybook.Booksofprimeentry——salesdaybook销售日记账Booksofprimeentry——purchasesdaybook采购日记账Therecordofalltheinvoicesreceivedfromsuppliers.PURCHASESDAYBOOKDATE20X1INVOICENO.SUPPLIERPAYABLESLEDGERREF.TOTALAMOUNT$MAY16A045AlicePL14315.00D005SmithPL829.40C204EEBPL6116.80Total461.20Booksofprimeentry——purchasesdaybook采购日记账Payablesledgerref.Isareferencetoapagefortheindividualsupplierinthepayablesledger.Somecompany’spurchasedaybookmaynothaveinvoicenumbercolumn,becauseitrecordsothercompany’sinvoices.Purchasereturnsbookrecordsthegoodssendsbacktoitssuppliers.Ifthereisnopurchasereturnsbook,thereturnscouldalternativelybeshownasbracketedfiguresinthepurchasedaybook.Cashbook现金日记账Abookofprimeentry,usedtokeepacumulativerecordofmoneyreceivedandmoneypaidoutbythebusinessthroughitsbankaccount.Twosidesinthecashbook,leftisdebitsiderecordingthemoneyreceivedbythebusiness,rightiscreditsiderecordingthemoneypaymentsofthebusiness.NOTE，discountallowed——debitside,discountreceived——creditside.Page29.johnsmithcashbook.Pettycashbook零用现金簿Abookofprimeentrywhichkeepsacumulativerecordofthesmallamountofcashreceivedintoandpaidoutofthecashfloat备用金，周转金.Pettycashvouchersareusedasasourceofinformationforrecordingthepettycashbook.Page30pettycashbookJournal日记账,流水账Abookinwhichanaccountingtransactioniswritteninaccountingterms.Thisisthefirst(accounting)recordforatransaction.Therefore,itisabookofprimeentry.Arecordinginthejournalrelevanttoanaccountingtransactioniscalledajournalentry日记账分录.Page30.Ledger分类账——thenominal(general)ledger总分类账themainaccountingrecordofabusinesswhichusesdouble-entrybookkeeping.Nominalledger(名目账项总账）istheaccountingrecordwhichsummarizesthebusinessfinancialaffairscontainalargenumberofdifferentledgeraccounts,eachaccounthavingitsownpurposeornameandanidentityorcode.Generalledger(总分类账）isacollectionofthegroupofaccounts,it'sbuiltupbypostingtransactionsrecordedinbooksofprimeentry.thestatementoffinancialpositionandtheincomestatementarebothderivedfromthegeneralledger.ledgeraccountnon-currentassetcurrentassetcurrentliabilitylong-termliabilitycapitalexpenseincomecash/bank√inventory√PPE√totalreceivables√totalpayables√bankoverdraft√bankloan√or√advertisingexpenses√interestexpense√telephoneexpense√sundryexpenses√sales√otherincome√Ledger分类账——theformatofaledgeraccount账簿的格式eachgeneralledgerisclassifiedintodebitsandcreditssectionsandanaccountheadingontop.Taccount.DebitsideNameofaccountCreditsideDateNarrativeRef.$DateNarrativeRef.$Ledger分类账——controlaccount控制账户LedgerGeneralledgerPersonalledgerControlaccountCashaccountOtheraccountAccountpayableledgerAccountreceivableledgerReceivableledgercontrolaccountPayableledgercontrolaccountLedger分类账——controlaccount控制账户Controlaccountisanaccountinthegeneralledgerinwhicharecordiskeptofthetotalvalueofanumberofsimilarbutindividualitems.Receivablescontrolaccountrecordsalltransactionsinvolvingallcustomersintotal.Itispost