TAILIEUCHUNG - Lecture Accounting: Tools for business decision making (5th edition): Appendices G - Kimmel, Weygandt, Kieso

Appendices G - Subsidiary ledgers and special journals. After studying this chapter, you should be able to: Describe the nature and purpose of a subsidiary ledger, record transactions in special journals, indicate how companies post a multi-column journal. | G SUBSIDIARY LEDGERS AND SPECIAL JOURNALS Accounting, Fifth Edition After studying this chapter, you should be able to: Describe the nature and purpose of a subsidiary ledger. Explain how special journals are used in journalizing. Indicate how a multi-column journal is posted. Learning Objectives Used to keep track of individual balances. Two common subsidiary ledgers are: Accounts receivable (customers’) Accounts payable (creditors’) Expanding the Ledger - Subsidiary Ledgers LO 1 Describe the nature and purpose of a subsidiary ledger. Each general ledger control account balance must equal the composite balance of the individual accounts in the related subsidiary ledger. Expanding the Ledger - Subsidiary Ledgers LO 1 Describe the nature and purpose of a subsidiary ledger. Illustration G-1 Relationship of general ledger and subsidiary ledgers Illustration G-2 Subsidiary Ledgers LO 1 Example 1. Show transactions affecting one customer or one single account. 2. Free the general ledger of excessive details. 3. Help locate errors in individual accounts. 4. Make possible a division of labor. Subsidiary Ledgers LO 1 Describe the nature and purpose of a subsidiary ledger. Advantages of Subsidiary Ledgers Expanding the Journal - Special Journals LO 2 Explain how special journals are used in journalizing. Used to record similar types of transactions. If a transaction cannot be recorded in a special journal, the company records it in the general journal. Illustration G-4 Each of the following is a subsidiary ledger except the: accounts receivable ledger. accounts payable ledger. customer’s ledger. general ledger. Review Question Special Journals LO 2 Explain how special journals are used in journalizing. Sales Journals LO 2 Illustration G-5 Perpetual inventory system - one entry at selling price in Sales Journal results in a debit to Accounts Receivable and a credit to Sales. Another entry at cost results in a debit to Cost of Goods Sold and a credit to Merchandise Inventory.

• Kế toán - Kiểm toán
• Subsidiary ledgers
• Special journals
• Financial Statements
• Making business decision
• Business decision tool
• Lecture Accounting
• Accounting principles
• Accounting principles I
• Merchandising company
• Operating assests
• Business organization
• Accounting information
• Managerial accounting
• Financial and managerial accounting
• Record transactions
• Sales journal
• Financial accounting
• Lecture Financial accounting
• Kế toán tài chính
• Foundations of Accounting
• Types of business entity
• Double entry bookkeeping
• Trial balance
• Books of prime entry
• Hospitality financial accounting
• Hospitality accounting
• Recording process
• Management accounting
• Accounting standards
• Accounting equation
• Intermediate accounting
• Lecture Intermediate accounting
• Accounting process
• Accounting processing cycle
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Merchandising operations
• Lecture Accounting 1
• Accounting for main transactions
• Accounting for purchases
• Accounting for sales
• Accounting for expenses
• Principle of accounting
• Lecture Principle of accounting
• The basic accounting equation
• Transaction analysis in accounting equation
• Calculate the accounting equation
• Lecture Advanced financial accounting
• Bài giảng Kế toán tài chính nâng cao
• Advanced financial accounting
• Accounting policies
• Accounting estimate
• Retrospective application
• Changes in accounting estimates
• Retrospective restatements
• Accounting assumptions
• Lecture Management accounting
• Bài giảng Kế toán quản trị
• Nature of management accounting
• Component of accounting system
• Financial system
• Lecture Accounting and financial system
• Ledger accounting
• Completing the accounting cycle
• Accounting cycle
• Accounting worksheet
• Classified balance sheet
• Accounting changes
• Error corrections
• Accounting choices
• Accounting for business
• Lecture Accounting for business
• Accounting entity
• Classification of assets
• Accounting equation transactions