Accounting Lesson 3-1
LESSON 3-110/7/2008LESSON 33-1Journals, SourceDocuments, andRecording Entries in aJournalCENTURY 21 ACCOUNTING Thomson/South-Western2Advantages of Using a Journal Accuracy- journal includes debit and creditparts of each transaction recorded in ONEplace Chronological Order – transactions arerecorded in a journal in order by date Double-Entry Accounting – both the debitand credit amounts are recorded – assuresdebits equal creditsCENTURY 21 ACCOUNTING Thomson/South-WesternGREENLESSON 3-11
LESSON 3-110/7/20083A GENERAL JOURNALCENTURY 21 ACCOUNTING Thomson/South-Westernpage 57LESSON 3-14CONCEPT: Objective Evidence:A source document isprepared for eachtransactionCENTURY 21 ACCOUNTING Thomson/South-WesternGREENLESSON 3-12
LESSON 3-110/7/20085Source Document - Checkpage 58Used for all cash paymentsCENTURY 21 ACCOUNTING Thomson/South-WesternLESSON 3-16Source Document – Sales Invoicepage 58Used for recording a sale onaccountCENTURY 21 ACCOUNTING Thomson/South-WesternGREENLESSON 3-13
LESSON 3-110/7/20087Source Document - ReceiptreceiptCENTURY 21 ACCOUNTING Thomson/South-Westernpage 59Used when cashis received fromsources otherthan sales –such as, theowner makes aninvestmentLESSON 3-18Source Document - TapeUsed to record daily orweekly cash salestransactionsCENTURY 21 ACCOUNTING Thomson/South-WesternGREENcalculator tapeor terminal summarytapeLESSON 3-14
LESSON 3-110/7/20089Source Document - Memorandum Used when no other sourcedocument is prepared or when anadditional explanation is neededabout a transactionmemorandumCENTURY 21 ACCOUNTING Thomson/South-WesternLESSON 3-110Journalizing Transactions – Procedures Record the month and year ONCE on each page ofthe journal Record the day for EVERY transaction (even if it isthe same day as the previous transaction) Record the debit account FIRST Then, INDENT and record the credit account on thenext line Record the source document ONCE for eachtransaction Make sure a debit and credit amount are recorded foreach transaction and that they equalCENTURY 21 ACCOUNTING Thomson/South-WesternGREENLESSON 3-15
LESSON 3-110/7/200811RECEIVED CASH FROM OWNER AS ANINVESTMENTpage 60August 1. Received cash from owner as an investment, 5,000.00.Receipt No. 1.2123341. Write the date in the Date column.2. Write the title of the account debited.Write the debit amount.3. Write the title of the account credited.Write the credit amount.4. Write the source document number in the Doc. No. column.CENTURY 21 ACCOUNTING Thomson/South-WesternLESSON 3-112PAID CASH FOR SUPPLIESpage 61August 3. Paid cash for supplies, 275.00. Check No. 1.1232431. Write the date in the Date column.2. Write the title of the account debited.Write the debit amount.3. Write the title of the account credited.Write the credit amount.4. Write the source document number in the Doc. No. column.CENTURY 21 ACCOUNTING Thomson/South-WesternGREENLESSON 3-16
LESSON 3-110/7/200813TERMS REVIEW journaljournalizingentrygeneral journaldouble-entry accountingsource documentCENTURY 21 ACCOUNTING Thomson/South-WesternGREENpage 62 checkinvoicesales invoicereceiptmemorandumLESSON 3-17
LESSON 3-1 10/7/2008 GREEN 6 CENTURY 21 ACCOUNTING Thomson/South-Western 11 LESSON 3-1 2. Write the title of the account debited. Write the debit amount.
4 Step Phonics Quiz Scores Step 1 Step 2 Step 3 Step 4 Lesson 1 Lesson 2 Lesson 3 Lesson 4 Lesson 5 Lesson 6 Lesson 7 Lesson 8 Lesson 9 Lesson 10 Lesson 11 Lesson 12 Lesson 13 Lesson 14 Lesson 15 . Zoo zoo Zoo zoo Yoyo yoyo Yoyo yoyo You you You you
FINANCIAL ACCOUNTING : MEANING, NATURE AND ROLE OF ACCOUNTING STRUCTURE 1.0 Objective 1.1 Introduction 1.2 Origin and Growth of Accounting 1.3 Meaning of Accounting 1.4 Distinction between Book-Keeping and Accounting 1.5 Distinction between Accounting and Accountancy 1.6 Nature of Accounting 1.7 Objectives of Accounting 1.8 Users of Accounting Information 1.9 Branches of Accounting 1.10 Role .
Participant's Workbook Financial Management for Managers Institute of Child Nutrition iii Table of Contents Introduction Intro—1 Lesson 1: Financial Management Lesson 1—1 Lesson 2: Production Records Lesson 2—1 Lesson 3: Forecasting Lesson 3—1 Lesson 4: Menu Item Costs Lesson 4—1 Lesson 5: Product Screening Lesson 5—1 Lesson 6: Inventory Control Lesson 6—1
Lesson 41 Day 1 - Draft LESSON 42 - DESCRIPTIVE PARAGRAPH Lesson 42 Day 1 - Revise Lesson 42 Day 1 - Final Draft Lesson 42 - Extra Practice LESSON 43 - EXPOSITORY PARAGRAPH Lesson 43 Day 1 - Brainstorm Lesson 43 Day 1 - Organize Lesson 43 Day 1 - Draft LESSON 44 - EXPOSITORY PARAGRAPH Lesson 44 Day 1 - Revise
iii UNIT 1 Lesson 1 I’m studying in California. 1 Lesson 2 Do you have anything to declare? 5 Lesson 3 From One Culture to Another 8 UNIT 2 Lesson 1 You changed, didn’t you? 13 Lesson 2 Do you remember . . . ? 17 Lesson 3 Women’s Work 20 UNIT 3 Lesson 1 We could have an international fall festival! 25 Lesson 2 You are cordially invited. 29 Lesson 3 Fall Foods 32 UNIT 4 Lesson 1 Excuses .
For Children 4-7 Years Old Series 6 Old Testament: Genesis From Creation to the Patriarchs Lesson 1 Creation Lesson 2 Adam and Eve Lesson 3 Cain and Abel Lesson 4 Noah and the Ark Lesson 5 Abraham’s Call Lesson 6 Isaac – The Son of Promise Lesson 7 Isaac and Rebekah Lesson 8 Jacob and Esau Lesson 9 Jacob Marries Rachel Lesson 10 Jacob is .
Contents Preface 4 Lesson 1 What Is Wisdom? 14 Lesson 2 Wisdom and Foolishness 27 Lesson 3 The Example of Wise Men 40 Lesson 4 Our Home Life 55 Lesson 5 Honoring Our Parents 71 Lesson 6 Freedom and Responsibility 85 Lesson 7 How Attitudes Affect Actions 102 Lesson 8 Right Attitudes About Myself 117 Lesson 9 Good Friends and Bad Friends 130 Lesson 10 Choosing the Right Friends 140
Accounting Policies, Changes in Accounting Estimates and Errors Objective 1 The objective of this Standard is to prescribe the criteria for selecting and changing accounting policies, together with the accounting treatment and disclosure of changes in accounting policies, changes in accounting estimates and
