Accounting Notes - Advanced Level

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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. NoFolio| Amount
SL|
SL|
|
|Transfer to Sales AccountsGL| 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. NoFolio| Amount
PL|
PL|
|
|Transfer to Purchases AccountsGL| 3520

Frank Wood ~ Chapter 16 Returns Day Books.

Sales Returns Inwards Day Book

Purchases Returns Outwards Day Book

Returns Inwards Day Book
Date DetailCredit note. Folio| Amount
No.SL|
SL|
|
|Transfer to Returns Inwards AccountsGL|

- - - - - - - -

Returns Outwards Day Book
Date DetailDebit note. Folio| Amount
No.PL|
PL|
|
|Transfer to Returns Outwards AccountsGL|

Frank Wood Pg Ex 16.4A

Purchases Day Book
2013 Detail Inv. NoFolio| Amount
Jul 1K HillPL| 380
M NormanPL| 500
N SeniorPL| 106
|Transfer to Purchases AccountsGL| 986

Day Book not part of double entry system.

- - - - - - - -

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Purchases Ledger – Personal accounts of debtors
Date DetailsFolioAmountDate DetailsFolio Amount
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K Hill
Jul 1PurchasesPDB380
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M Norman
Jul 12 Returns Outwards30Jul 1PurchasesPDB500
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M Senior
Jul 12 Returns Outwards16Jul 1PurchasesPDB106
- - - - - - - -

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General Ledger
Date DetailsFolioAmountDate DetailsFolio Amount
-------------------------------------------------

-------------------------------------------------
Purchases
Jul 31 1Dt sales for monthPDB986

-------------------------------------------------
Sales
Jul 31Ct sales for month SDB112

- - - - - - - -

Sales Day Book
2013 Detail Inv. NoFolio| Amount
Jul 3E RigbySL| 510
E PhillipsSL| 246
F ThompsonSL| 356
|Transfer to Sales AccountsGL| 1112

- - - - - - - -

-------------------------------------------------
Sales Ledger
Date DetailsFolioAmountDate DetailsFolio Amount
-------------------------------------------------

-------------------------------------------------
E Rigby
Jul 3SalesSDB510
-------------------------------------------------

-------------------------------------------------
E Phillips
Jul 3SalesSDB246Jul 14 Returns Inwards18
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F Thompson
Jul 3SalesSDB256Jul 14 Returns Inwards20

- - - - - - - -

Returns Outwards Day Book
Date DetailDebit note. Folio| Amount
No.|
Jul 12M NormanPL| 30
N SeniorPL| 16
|Transfer to Returns Outwards AccountsGL| 46

- - - - - - - -

Returns Inwards Day Book
Date Detail...
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