Accounting for the Microbusiness - A Teaching Manual (Peace Corps, 1975, 105 p.): Aids: Alternative Acc/Rec section

Accounting for the Microbusiness - A Teaching Manual (Peace Corps, 1975, 105 p.)

Aids

		Accounting interview
		The object of accounting
		Balance statement
		Assets = Capital
		Assets - Liabilities = Capital
		Profit and loss statement
		Cost of goods sold
		Trial balance
		Initiation sheet
		Definition of debit and credit
		The evolution of debit and credit
		Transactions
		Cash voucher
		Sales voucher
		Receipt
		Diagram of the system
		Cash book
		Guide to accounting entries
		Cash transactions
		Credit sales book
		Credit purchases book
		Credit sales
		Credit purchases
		Payments
		Loans to employees section
		Loans to employees list
		Book of accounts: Title of account pages
		Monthly inventory listing
		Guide to financial statement elaboration
		Uniterrupted working capital flow
		Interrupted working capital flow
		Inventory control - page examples
		Control of postdated checks
		Auxiliary cash on hand sheet
		Credit payments with merchandise
		Alternative Acc/Rec section

Alternative Acc/Rec section

Alternative Accounts Receivable Auxiliary Organization for those with client advances on orders.

CREDIT BOOK

AMOUNT SECTION:
As before, sales listed at time of delivery.

INDIVIDUAL SECTION:
Now divided into two sections (all advances and payments are first entered into the cash book).

ADVANCES

Date	Clients Order	Delivery	Advances	Balance
Aug. 8	Long John's ($1,800)		800	800
Aug. 11	Long John's		300	1,100
Aug. 15	Delivery	X	200	- 0 -
Aug. 17	The Intrepid ($2, 200)		800	800

DEBTORS

Date	Clients	Delivery	Pay meets	Outstanding Balance
Aug. 15	Long John's - Delivered	X		500
Aug. 20	Final Payment		500	- 0 -

SUMMARY SECTION: ELIMINATED

ACCOUNT BOOK

ACCOUNTS RECEIVABLE

Date		Debtors	Balance
Aug. 1	Initial Balance		- 0 -
Aug. 31	From list	0	- 0 -

ACCOUNTS PAYABLE

		+	+	-
Date		Advances A/R	Credit Purchases	Payments	Balance
Aug. 1	Initial Balance				1,400
Aug. 31		800	9, 200	7, 000	4, 400

Since 1961 when the Peace Corps was created, more than 80,000 U.S. citizens have served as Volunteers in developing countries, living and working among the people of the Third World as colleagues and co-workers, Today 6 000 PCVs are involved in programs designed to help strengthen local capacity to address such fundamental concerns as food production, water supply, energy development, nutrition and health education and reforestation.

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