Accounting Notes - Advanced Level

Accounting Notes Part 2

Frank Wood ~ Chapter 14 Sales Day Book and Sales Ledger.

Folio reference from day book to sales ledger (personal accounts of debtors) SL …. > no. of a/c of debtor

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Sales
Date Detail Inv. No Folio | Amount SL | SL | | | Transfer to Sales Accounts GL | 3520 ^^^ Total credit sales Posted to Sales a/c at the end of month (in GL)

Ledgers >> Sales Ledger >> personal a/c’s of debtors Purchases Ledger >> personal a/c’s of creditors General Ledger >> normal a/c’s eg. Non-current assets, capital, etc.

Frank Wood ~ Chapter 15 Purchases Day Book and Purchases Ledger.

Purchases
Date Detail Inv. No Folio | Amount PL | PL | | | Transfer to Purchases Accounts GL | 3520

Frank Wood ~ Chapter 16 Returns Day Books.

Sales Returns Inwards Day Book

Purchases Returns Outwards Day Book

Returns Inwards Day Book
Date Detail Credit note. Folio | Amount No. SL | SL | | | Transfer to Returns Inwards Accounts GL |

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Returns Outwards Day Book
Date Detail Debit note. Folio | Amount No. PL | PL | | | Transfer to Returns Outwards Accounts GL |

Frank Wood Pg Ex 16.4A

Purchases Day Book
2013 Detail Inv. No Folio | Amount
Jul 1 K Hill PL | 380 M Norman PL | 500 N Senior PL | 106 | Transfer to Purchases Accounts GL | 986

Day Book not part of double entry system.

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Purchases Ledger – Personal accounts of debtors
Date Details Folio Amount Date Details Folio Amount