2. Accounting Entry Flow LAI Siu Tim Timmy Timothy In-service Course of Teacher Training (Technical) 1999-2000

3. Accounting Entry Flow Documents for Business Transactions Books of Original Entry (Cash Journals) (Sales Journals) (Returns Inwards Journals) (Purchases Journals) (Returns Outwards Journals) (General Journals) Ledger Accounts (Double Entry)

4. Accounting Entry Flow Ledger Accounts (Double Entry) Balancing Off Ledger Accounts Trial Balance Balance Sheet

5. Accounting Entry Flow Trading and Profit and Loss Accounts Balance Sheet

6. Accounting Entry Flow Documents for Business Transactions Books of Original Entry Ledger Accounts (Double Entry) Balancing Ledger Accounts Trial Balance Trading & Profit & Loss Accounts Balance Sheet

7. Preparation of Trial Balance Ledger Purchases Purchases 19xx $ Dec 31 Balance b/d 12,000

8. Trial Balance as at 31 December 19xx DR.$ CR.$ DR.$ CR.$ Purchases 12,000

9. Preparation of Trial Balance LedgerBank 19xx $ Dec 31 Balance b/d 5,200

10. Trial Balance as at 31 December 19xx DR.$ CR.$ DR.$ CR.$ Purchases 12,000 Bank 5,200

11. Trial Balance as at 31 December 19xx DR.$ CR.$ DR.$ CR.$ Purchases 12,000 Bank 5,200 Equipment 24,500 Sales84,400 Rent 32,000 Debtors: T.Lee 2,450 Stock 34,250 Capital 26,000 110,400 110,400 110,400 110,400

12. Classification of Assets Fixed Assets: Examples: Land & Buildings Motor Vans i) are of long life ii) are to be used in the business the business iii) were not bought only for the only for the purpose of resale purpose of resale

13. Classification of Assets Current Assets: Example:CashStock i) are to be used up within one year within one year ii) are for the purpose of resale of resale

14. Cost of Goods Sold Opening Stock $300 AddPurchases $200 Total Goods Available $500 LessClosing Stock $200 Cost of Goods Sold $300