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  • Lesson 2

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    Qu'est Ce-Que
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    This document discusses accounting cycles and source documents, commonly used accounts, and days books. It provides examples of double entries for purchase and sales transactions on account and for cash. It also covers discounts and questions related to accounting concepts. Key points covered include source documents like purchase orders and invoices, days books like purchase and sales journals, common accounts like cash, receivables, and payables, and double entry examples for credit purchases, cash purchases, credit sales, and cash received from customers.

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    Lesson2

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    This document discusses accounting cycles and source documents, commonly used accounts, and days books. It provides examples of double entries for purchase and sales transactions on account and for cash. It also covers discounts and questions related to accounting concepts. Key points covered include source documents like purchase orders and invoices, days books like purchase and sales journals, common accounts like cash, receivables, and payables, and double entry examples for credit purchases, cash purchases, credit sales, and cash received from customers.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views16 pages

    Lesson 2

    Uploaded by

    Qu'est Ce-Que
    This document discusses accounting cycles and source documents, commonly used accounts, and days books. It provides examples of double entries for purchase and sales transactions on account and for cash. It also covers discounts and questions related to accounting concepts. Key points covered include source documents like purchase orders and invoices, days books like purchase and sales journals, common accounts like cash, receivables, and payables, and double entry examples for credit purchases, cash purchases, credit sales, and cash received from customers.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 16

    Financial

    Accounting
    FA2
    Lesson2
    LENG CHANREANGSEY,
    DEPUTY MANAGER, CONSULTANT, BA, CAT
    Accounting Cycle
    Source Document
     Material requisition
     Purchase requisition
     Purchase order
     Sale order
     Invoice
     Dispatch Note/Advice note
     Delivery note
     Good received note
     Cheque requisition
     Remittance advice
     Credit note
     Debit Note
    Days Book

     Sale day book


     Sale return days book
     Purchase day book
     Purchase return day book
     Cash book
     Petty cash book
     Journal
    Commonly used account

     Sales Nature of account


     Purchases  sales: income
     Cash  purchases: expense
     Receivable  Cash: asset
     Payable  receivable: asset
     Expense (Rent, electricity,  Payable: liability
    water…)  Expense (Rent, electricity, water…) :
     Capital expense
     Non-current asset  Capital: liability
     Non-current asset (car, van, building):
    asset
    Hot Exercise
    Identify what days book to use and write the double entries
     Bought goods on credit from Sok, cost $500
     Paid Sok, $500
     Sold goods on credit to Sao, cost $1200
     Receive payment from Sao, $1200
     Purchase goods by cheque from Ben, Cost $400
     Sold good to Ten, cost $500, he paid immediately
     Received electricity bill, cost $200, would have to pay by the end of
    the month
     Paid the electricity expense $200
    Discount
    Question 1
    Question 2
    Question 3
    Question 4
    Question 5
    Question 6
    Question 7
    Question 8
    Question 9

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