《f chaptersources records and books of prime entry》由会员分享，可在线阅读，更多相关《f chaptersources records and books of prime entry（24页珍藏版）》请在金锄头文库上搜索。
1、F3 Chapter 07 Sources Records and Books of Prime EntryProvided byAcademy of Professional Accounting (APA)Professional Accounting EducationCopyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台ACCA F3Financial Accounting (FA)财务会计 第七讲ACCA Lecturer: Carrie NICopyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台 2Part C: Th
2、e Use of Double Entry & Accounting Systems? Source records and books of prime entry? Ledger accounts and double entry? From trial balance to financial statementsCopyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台 3C1: Sources Records & Books of Prime EntryBPP Chapter 4? The role of source documents?
3、 Books of prime entry? Sales and purchase day books? Cash book? Petty cash bookCopyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台 4Source Documents? A business will enter into a number and variety of transactions during an accounting period:? Ultimately all of these transactions must be summarised in the b
4、usiness FS.Cash transactionsales purchases wages stationery acquisition of non-current assetsCredit transactionspurchases salesCopyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台 5Source Documents? This is achieved by having accounting records to record each stage of the process:Assorted transactions (e.g.,
5、 invoices)Categorised (in books of prime entry)Summarised (e.g., nominal ledger, trial balance)Financial statementsCopyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台 6Source DocumentsBusiness transactions are nearly always recorded on a document. These documents are the source of the information in the acc
6、ounts. Such documents include the following:? A quotation is a written offer from a business to deliver goods or services at a set price.? A purchase order is a written order for goods or services sent to a supplier.? A sales order is a document of the company that details an order placed by a custo
7、mer for goods or services.Copyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台 7Source Documents? A goods dispatched note is a list of goods that the company has sent out to a customer.? A goods received note is a list of goods that a business has received from a supplier.? Invoice is sent tout or received w
8、hen credit sales happen. The details on the invoice should match the details on the sales order.? A debit note is a document sent by a customer in respect of goods returned. It acts as a request to the supplier to issue a credit note.? A credit note is a document sent to a customer in respect of goo
9、ds returned. It acts much like a “negative” invoice.Copyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台 8Source Documents? Remittance advice is a document sent to a supplier with a payment, detailing which invoice are being paid and which credit notes offset.? Receipt is a document confirming confirmation t
10、hat a payment has been received.? Statement is a document sent out by a supplier to a customer listing the transactions on the customers account.Copyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台 9Books of Prime Entry? Books of prime entry are not part of the accounting system itself. They are, however, th
11、e first step in recording an accounting transaction, and so are the start of the process to produce a set of accounts.Copyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台 10Books of Prime EntryThe seven main books of prime entry are:? Sales day book (records credit sales, i.e., invoices sent)? Purchase day b
12、ook (records credit purchases, i.e., invoices received)? Sales returns day book (records returns of purchases made on credit, i.e., credit notes received)? Cash book (transactions involving the bank account)? Petty cash book (transactions involving petty cash)? JournalCopyright ? ACCAACCAspace 中国ACC
13、A特许公认会计师教育平台 11Sales and Purchase Day Books? Day books are essentially lists of like transaction.? They are totaled periodically depending on the volume of transactions. This may be daily, weekly or in some cases even less frequently. Totals from the day books are entered into the accounting system.
14、Copyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台 12Sales and Purchase Day BooksSales day bookThe sales day book is used to keep a list of all invoices sent out to credit customers each day. Here is an example.Sales Day BookDate Invoice Number Customer Total Amount Invoiced03.03.20x9 207 ABC Co. $4,000208 XYZ Co. $1,200$5,200Copyright ? ACCAACCAspace 中国ACCA特许公认会计师教育平台 13Sales and Purchase Day BooksPurchase day bookThis is used to keep a
