TAILIEUCHUNG - Lecture Accounting and financial system - Lecture 4: Accounting process II

Lecture Accounting and financial system - Lecture 4: Accounting process II. The main contents of the chapter consist of the following: ledger accounting, control procedure, extraction of trial balance. | ACCOUNTING & FINANCIAL SYSTEMS MCPC 606 LECTURERS: DR. JOHN MACCARTHY & DR. MALIK ZAKARIA 1 1 Lecture 4: Accounting Process II Overview: Ledger Accounting Control Procedure Extraction of Trial Balance 2 Purchase Day Book and the Purchase Ledger (Practice Question ) B. Awuni has the following credit purchases and credit sales for November: Nov 1: Sold to M. Hammond: Shirts for Ghc60. Sold to K. Boakye: Belt for Ghc300. Nov 9: Bought from C. Gyato: Dressing bags for Ghc400. Nov 16: Bought from M. Blankson: A pair of shoe for Ghc320. Nov 18: Goods returned to suppliers by us: C. Gyato was Ghc100 Nov 23: Sold to B. Yeboah: Belt for Ghc200. Nov 24: K. Boakye was Ghc50. You are required to: (a) Write up Purchase day book, Purchase return day book and ledger. (b) Post the items to the personal accounts. (c) Post the totals of the day books to the sales and purchases accounts (General ledger). (d) What are the books of prime entry within a business? Solution To be solved in the class 4 Cash

• Ngân hàng - Tín dụng
• Financial system
• Lecture Accounting and financial system
• Accounting process
• Ledger accounting
• Control procedure
• Extraction of trial balance
• Financial statements
• Interpretation of financial statements
• Financial records
• Government grants
• Financial inclusion and growth of Indian banking system
• Financial inclusion of Indian banking system
• Growth of Indian banking system
• Challenges for financial inclusion
• Financial inclusion plays
• The financial system
• The payments system
• Interest rates
• Rates of return
• The stock market
• Financial market efficiency
• Determining interest rates
• Financial markets
• Financial institutions
• Financial Instruments
• Modern financial system
• Flow of funds
• Commercial banking
• Financial claims
• Modern financial system
• Impact of globalisation
• Functions of the financial system