Ina, Kapatid, Anak Teresa: Julio, why her? Why not me?

(Beatriz saw Julio and Teresa) Beatriz: (Slap!) This is for 17 years of pain. (Slap!) and this is for trying to steal my husband. Julio: Stop fighting! We have more problems in the company. And Teresa, I never said that I love you Beatriz: Lets go! In the office Julio: Congratulations Celyn! Your book will be published. Margaux: How about my book dad? Julio: Sorry Margaux but the board thinks it still needs revision. Celyn: Thank you so much dad! The books of Celyn were successfully published. Celyn: Hello, im Celyn, your supervisor. I just want to remind you that we are using a prenumbered documents including sales order in our company and whenever a customer calls for an order you have to check the stock and ask for credit approval from the credit manager. And lastly, we are maintaining list of regular customers so you dont need to ask information every time they order. KringKring. Kring Sales Clerk: Good Afternoon. This is the Sales Officer of Memorata Bookstore. May I have your name please? Customer: This is from University of San Carlos. Well be ordering 100 copies of Suenos written by Celyn Marasigan. Sales Clerk: yes mam. we still have enough copies. Well notify you if your order has been finally accepted. Goes to the credit department. Sales Clerk: hello, may I ask for the credit approval of our customer(USC) they order 100 copies worth 5000. I have here 8 copies,1 for me,2 for the customer and I will give you 5 copies of sales order no.143. Credit Dept: Ill check first, Okay. The order has been approved. Sales Clerk: Hello mam. This is to notify you that the order has been accepted. The order will now be processed for shipping. Customer: Okay, Tnx. Next Dept. Credit Dept: Since I have 5 copies of the sales order. I will give the 5th copy to the A/R dept. and Warehouseman, these are the 4 copies of the approved sales order no.143. Warehouseman: okay. Ill now pull the inventory from the warehouse and will release to shippinig. (Actions..) Warehouseman: These are the goods and I will give you these 3 copies of the sales order. Shipping: Ill have to check first.(Check the sales order and the goods) well, now I have to prepare 3 copies of bill of lading which is also prenumbered. One will be sent to the customer with the books ordered, another for the billing department accompanied with the approved sales order and the last copy of the bill of lading is for my file.

In the billing/AR department.. Billing: I have here a copy of sales order and the shipping document (bill of lading). as I check, the documents match and the prices are accurate as I compare it with the master price list. Now, I have to prepare prenumbered sales invoice . 1 will be for my file, 2 for the customer. Now I have to update the A/R master file, sales transaction file and sales journal. Narrator: As you can observe, 2 copies of sales invoice were sent to the customer for the customer is asked to send their payment with one copy of the invoice. The invoice returned with the payment is called the remittance advice. Next day Mailroom clerk: So now, Ill separate this check payment and the remittance advice and I will prepare prelisting of checks received. I will forward this check to the cashier and this remittance advice to A/R. Narrator: The cashier will prepare daily cash summary and deliver checks to the bank. This summary will be sent to the A/R. The A/R dept. , match the remittance advices and check deposit summary. Then, records the remittance and cancels it against the customer account/ invoice. After few weeks, the sales of the books of Celyn were relatively high. Julio: Congratulations Celyn for a job well done. Celyn: Thanks Dad. Julio: Youre really good. But you know there are special cases in the Revenue Cycle that you need to know. Once in a while, customers return items. Should a return occur, the receiving dock clerk will notify the credit manager of goods that have been received from the customer and returned inventory. Celyn: Yeah, I know Dad, after that the credit manager then issues a credit memo which authorizes the crediting of the customers account, The credit memo is sent to the accounts receivable clerk in charge of recording customer accounts. He uses the credit memo to update the sales returns and allowances journal accounts and accounts receivable master file. Julio: And dont forget that (Insert: Page 4. Par.2. Start from sentence 2) Every month, the accounts receivable master file.through the general journal. I must say you are really good. (Nilakaw c Julio, Nasuya c Margaux) Margaux: Celyn, Celyn, Celyn. You already have my life. You have my family and Now? Memorata??? I wont let that happen. You gold digger! (Try to slap celyn) Celyn: (Holding Margauxs hand) Are you sure you want to put that on my face. Remember this. All that I have is what I deserve. ABANGAN Sorry jam.. murag bitin.. feel mangud nako taas na xa and ghimo nlng nako na hanging ang story. If ever dako pag.time butangan nlng ug ending. Hehehe just edit wat you want. And di ko kbawo aha ibutang ang bank reconciliation. Feel free to edit