Recording of Transactions

Recording of Transactions
Accounting equation:
 Analysis of transactions using accounting equation
 Rules of debit and credit for:
 Assets
 Liabilities
 Capital
 Revenue
 Expenses
 Origin of transactions:
 Source documents (invoice, cash memo, pay in slip, cheque)
 Preparation of vouchers – cash (debit and credit) and non-cash (transfer)
 Books of original entry:
 Format and recording – Journal
 Cash Book
 Simple Cash Book
 Cash Book with Discount Column
 Cash Book with Bank and Discount Columns
 Petty Cash Book
 Other books:
 Purchases book
 Sales book
 Purchases return books
 Sales returns book
 Journal proper