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Business papers that show the nature of a transaction and provide all the information necessary to account for the transaction properly.

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Presentation on theme: "Business papers that show the nature of a transaction and provide all the information necessary to account for the transaction properly."— Presentation transcript:

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2 Business papers that show the nature of a transaction and provide all the information necessary to account for the transaction properly

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4 customer Pre-numbered slip to ensure none are lost Nature of the transaction

5 Journal Entry for a Cash Sales Slip: DRCR Bank35.90 Sales35.90 Total for entry

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7 Customer to be charged When payment is due Nature of transaction Preset serial number

8 Journal Entry for a Sales Invoice: DR CR A/R – S.&S. Boatworks Sales Total for entry

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10 A till printout for Visa, Mastercard and Debit card transactions for one month

11 Journal Entry for POS Summaries DRCR Bank Sales Total for entry

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13 Name of vendor credited in Account Payable General Engineerings Invoice number Shows how long Masthead Marine has to make payment

14 Journal Entry for Purchase Invoice: DRCR Equipment Repairs Expense A/P – General Engineering Total used for entry

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16 Who the cheque is for Reference number Owners Signature Reference number is repeated on tear off portion Details of payment

17 Journal Entry for a Cheque Copy: DRCR A/P – Streling Spars Bank Total for entry = cheque total

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20 Journal Entry for a Cash Receipts Summary: DRCR Bank A/R – A. Baldwin A/R – F Perri A/R – Pier 10 Marina801.72

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22 Tells whether the account has been debited or credited Explanation Date of entry

23 Journal entry for a Bank Debit Advice: DRCR Bank Charges and Interest Bank A Bank Debit Advice advises the company that an expense has been debited.

24 If a company generates revenue from interest then a Bank Credit advice is used to notify them of the increase in their equity. Sample Journal Entry for a Bank Credit Advice: DRCR Bank43.76 Interest Earned43.76

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