tailieunhanh - Lecture Accounting fundamentas (7e): Chapter 15 - Curran

Chapter 15 - The sales journal. After completing this chapter, students will be able to: Record sales of merchandise on credit in a sales journal; total, prove, and rule the sales journal; post from the sales journal. | CHAPTER FIFTEEN THE SALES JOURNAL 1. Record sales of merchandise on credit in a sales journal. 2. Total, prove, and rule the sales journal. 3. Post from the sales journal. THE SALES JOURNAL Chapter Outcomes: 15- Recording Transactions in the Sales Journal One way to reduce the repetition in journalizing and posting is to have a special journal for all sales of merchandise on credit. This special journal is called a sales journal. 15- Advantages to using the Sales Journal All entries for sales of merchandise on credit are grouped in one place. Important facts about each transaction are written on a single line. 15- Advantages to using the Sales Journal (continued) There is no need to enter account titles or to write a long explanation for each transaction. The Sales Journal allows for great division of labor–one person can be put in charge of entering sales. 15- Posting From the Sales Journal Posting is simplified using the Sales journal. Money columns are . | CHAPTER FIFTEEN THE SALES JOURNAL 1. Record sales of merchandise on credit in a sales journal. 2. Total, prove, and rule the sales journal. 3. Post from the sales journal. THE SALES JOURNAL Chapter Outcomes: 15- Recording Transactions in the Sales Journal One way to reduce the repetition in journalizing and posting is to have a special journal for all sales of merchandise on credit. This special journal is called a sales journal. 15- Advantages to using the Sales Journal All entries for sales of merchandise on credit are grouped in one place. Important facts about each transaction are written on a single line. 15- Advantages to using the Sales Journal (continued) There is no need to enter account titles or to write a long explanation for each transaction. The Sales Journal allows for great division of labor–one person can be put in charge of entering sales. 15- Posting From the Sales Journal Posting is simplified using the Sales journal. Money columns are pencil-footed and the totals are posted to the appropriate accounts. 15- Posting From the Sales Journal (continued) The single posting to each account saves time and reduces the possibility of error. 15- Accounting Terminology Cross-footing Posting reference S Sales journal Special journal 15- Chapter Summary The sales journal is a special journal that is used for recording sales of merchandise on credit. It allows a business to save time and avoid repetition in the journalizing and posting of its credit sales. 15- Chapter Summary (continued) The Sales Journal organizes, in one place, all the information about credit sales. The columns further organize all the information for one transaction on a single line. The information needed for entries in the sales journal is taken from copies of the sales invoices or from copies of the sales slips. 15- Chapter Summary (continued) At the end of the month, the figures in the sales journal are added. The column totals are posted to the

• Kế toán - Kiểm toán
• Accounting fundamentas
• Lecture Accounting fundamentas
• Nguyên lý kế toán
• The sales journal
• Special journal
• Trial balance
• Accounting errors
• Accounting terminology
• Accounting for purchases
• Purchases discounts
• Freight in
• Accounting equation
• Balance sheet
• Principles of accounting
• Analyze business transactions
• Net income
• The worksheet
• Financial statements
• Business transactions
• Closing the ledger
• Closing entries
• Postclosing trial balance
• Accounting cycle
• Accounting for sales
• Sales discounts
• Sales returns
• Purchases journal
• Recording transactions
• Worksheet adjustments
• Uncollectible accounts
• Owner’s equity accounts
• Form of accounts
• Account balances
• Expense accounts
• Recording revenue
• Transaction analysis
• Income statement
• General journal
• Chart of accounts
• Business’s transactions
• General ledger
• Posting reference
• Correcting errors
• Merchandising businesses
• Charge account
• Cash discount
• Unpaid invoice file
• Purchases returns
• Cash receipts journal
• Memorandum entry
• Cash payments journal
• Cash purchases
• Accounts receivable ledger
• Accounts receivable
• Statement of account
• Accounts payable ledger
• Schedule of accounts payable
• Notes payable
• Goods sold
• Cost of goods sold
• Ten column worksheet
• Classified balance sheet
• Adjusting entries
• Banking procedures
• Deposit slips
• Check stubs