Unit 8 Accounting Systems Assignment 1 P1

Table of Contents
1. Pro forma Cash Receipt 1
2. Company’s Cheque to Supplier 3
3. Power Point Presentation 5
4. Purchase Order Form 8
5. Delivery Note 10
6. Sales Invoice 12
7. Credit Note 14
8. Statement of Account and Remittance Advice 16
References 21

1. Pro forma Cash Receipt
You are to prepare pro forma cash receipt for use in the company’s shops. Pick a sample transaction and show the VAT element separately.
Placebo Ltd
Fountain House
London
N1
Cash Receipt #: 123456790
Date: / / .
Cash received from ______________________________________________________
Of £ ______________________________________________________________________
For _______________________________________________________________________

Payment Received in:

Cash

Cheque

Other

Net
VAT
Total
Amount Due
........

Amount Received

Balance Paid

_______________________
Signed By

Image Source: (Free Receipt Template , 2013)

What is a Cash Receipt?
A pro forma cash receipt is a document narrating incoming payments from debtors or receivables and is issued by the business or creditor (Cash Receipts Function, 2011).
Function of Cash Receipts
Cash receipts give a quick snapshot of particular debtors and respective repayments, thus, helping the business to recognize the source of cash inflows with respect to receivables within the accounted date range (LexisNexis, 2013).
I

2. Company’s Cheque to Supplier
Next you are to prepare a company cheque to pay a supplier called Shakers Ltd the amount of an invoice that has a gross total of £3,250.00. You are paying the invoice within the credit terms and are entitled to a cash discount of 2%.

Image Source: (Standard Single Use Bank Cheque, 2013)

CALCULATIONS:
Total: £3,250.00
Settlement discount 2%: 0.02 × £3,250.00 = £65.00
Amount due = Total - Settlement discount = £3,250.00 - £65.00 = £3,185

What is a Cheque?
Cheques are written tools communicated to a banker, assented by payer to pay stated money to the

References: Akrani, G. (2011). Difference Between Invoice and Delivery Note. Retrieved from Kalyan City Life: http://kalyan-city.blogspot.com/2011/04/difference-between-invoice-and-delivery.html Berlin, M., & Mester, L Cardholder Protection full details . (2013). Retrieved from Barclays Bank plc: http://www.secure.barclays.co.uk/CurrentAccounts/CardholderProtectionfulldetails/P1242558751385 Cash Receipts Function Ching, A. T., & Hayashi, F. (2010). Payment card rewards programs and consumer payment choice. Journal of Banking & Finance, 34 (8) , 1773-1787. Crookston, R. (2005). Pre-authorised debit: creating cardholder choice. Card Technology Today, 17 (4) , 12-13. Fazal, H. (2012). What is Credit note and when is it used? Retrieved from Pak Accountants: http://pakaccountants.com/what-is-credit-note-and-when-is-it-used/ Free Receipt Template Hautain, D., & Lande, B. V. (2000). Belgian banks launch debit smart card payments. Card Technology Today, 12 (2) , 3-4. How to get a Solo Debit Card. (2013). Retrieved from Maestro Card: http://www.maestrocard.com/uk/solocard/how_to_get.html Introduction to Credit Invoice. (2013). Retrieved from Cubit Accounting: http://www.cubit.co.za/invoice.php Kaplan Kaplan. (2012-13). Using Remittance Advices. In Kaplan, AAT: Level 2 Basic Accounting 1 (p. 138). Berkshire: Kaplan Publishing. Kulasekaran, S., & Shaffer, S. (2002). Cost efficiency among credit card banks. Journal of Economics and Business, 54 (6) , 595-614. Leslie, J. (2013). Credit Debit. Retrieved from Barclays Bank plc: http://ask.barclays.co.uk/help/day2day_banking/creditdebit LexisNexis Payment Systems. (2011). Retrieved from Eastern Caribbean Central Bank: http://www.eccb-centralbank.org/PDF/payment_System_ach.pdf Recording Cash Receipts Shop with credit, not debit. (2002). Computer Fraud & Security, 2002 (1) , 4. So, M. M., & Thomas, L. C. (2011). Modelling the profitability of credit cards by Markov decision processes. European Journal of Operational Research, 212 (1) , 123-130. Standard Single Use Bank Cheque. (2013). Retrieved from Big Cheques: http://www.bigcheques.com/product/standard-single-use-bank-cheque/ What Is a Delivery Note? (2006) Working with Purchase Orders. (2013). Retrieved from Zoho Corp: http://www.zoho.com/crm/help/purchase-orders/