Ch 6.2 Source documents

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Ch 6.2 Source documents Powered By Docstoc
					Business papers that show the nature of a
transaction and provide all the information
necessary to account for the transaction
properly
                customer



Nature of the
                   Pre-numbered
transaction
                   slip to ensure
                   none are lost
Journal Entry for a Cash Sales Slip:

                   DR                  CR
Bank               35.90
    Sales                              35.90




                 Total for entry
              Customer to be
              charged


                When payment is
                due




Nature of
                  Preset serial
transaction
                  number
        Journal Entry for a Sales Invoice:

                            DR          CR
A/R – S.&S. Boatworks       835.70
         Sales                       835.70



          Total for entry
A till printout for
Visa, Mastercard
and Debit card
transactions for one
month
Journal Entry for POS Summaries

                    DR        CR
Bank                734.18
    Sales                     734.18




            Total for entry
Name of vendor
credited in
Account Payable




                   Shows how long
  General          Masthead Marine has
  Engineering’s    to make payment
  Invoice number
Journal Entry for Purchase Invoice:

                                      DR       CR
Equipment Repairs Expense             241.50
     A/P – General Engineering                 241.50




           Total used for entry
                                  Reference number




Who the
cheque is for

                                   Owner’s Signature



                                   Details of payment


Reference number is repeated on
tear off portion
Journal Entry for a Cheque Copy:

                            DR      CR
A/P – Streling Spars        1802.90
         Bank                       1802.90




            Total for entry =
            cheque total
Journal Entry for a Cash Receipts Summary:

                          DR      CR
Bank                      2142.24
     A/R – A. Baldwin             375.00
     A/R – F Perri                965.52
     A/R – Pier 10 Marina         801.72
Tells whether the account has
been debited or credited        Date of entry




Explanation
A Bank Debit Advice advises the company
that an expense has been debited.



                      Journal entry for a Bank Debit Advice:

                                                DR         CR
                      Bank Charges and Interest 113.50
                              Bank                         113.50
If a company generates revenue from interest then a Bank
Credit advice is used to notify them of the increase in their
equity.


Sample Journal Entry for a Bank Credit Advice:
                            DR      CR
Bank                        43.76
    Interest Earned                 43.76

				
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