Accounting

Identification (transactions) Record (in books of prime entries) Analyzed & posted (to ledgers) Summarized (in FS) Interpret

Internal
Users Make economic decisions
Evidence Transactions occur
External

Books of prime entries Ledger Accounts Trial balance

Recorded transactions (by source
Orders delivery note doc) Financial statements
Order GRNs Initial trial balance
Sales day book

Sale invoice Bank transactions report Petty cash voucher Payroll Purchase invoice Purchase day book
Collected ledger Accounts
Cash book
Petty cash book Balancing ledger accounts
Petty cash book
Collecting the balance
Journal

Computerized accounting system

T Accounts

Adjustment journals

Duality concept
Collecting errors

Type of errors

Principle

Commission

Tranasposition

Ommition

Compensation

Final trial balance

Vu Hoang