Accounting for the microbusiness - A teaching manual (Peace Corps, 1975, 105 p.): Aids: Guide to accounting entries

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

1. Save all receipts, vouchers, orders, etc. together by date with a paper clip.

2. Every transaction must have paper work as evidence.

3. In each transaction debits equal credits.

4. Always write entries from left to right.

5. Sales are entered at the date of delivery.

6. Cash transactions are entered in the Cash Book.

7. Credit transactions are registered in one of the two credit books: Sales or Purchases.

a. In the Amount Section
b. In the Individual Account Section.
c. In the Summary Section.

8. Advances (money received before delivery of merchandise) and payments (money received after merchandise delivery) are registered:

a. In the Cash Book.
b. In one of the credit books: Sales or Purchases.

1) In the Individual Account Section
2) In the Summary Section.

9. After entering the transaction, file the paper work.