Sound Bytes Electronics: A One-Month Accounting Practice Set by Harvey Freedman

Sound Bytes Electronics: A One-Month Accounting Practice Set

byHarvey Freedman, Carol Smith

Other | March 15, 2007

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Sound Bytes Electronics will help students gain an overall understanding of how accounting information is recorded in journals and transferred between journals, ledgers, sub-ledgers and inventory records, and then used in financial statement preparation to help managers in making decisions for the future. The Practice Set will take the student through a one month accounting cycle and the student will fill the role of the accountant for the Proprietorship. The set will take 6-10 hours to complete and will include all source documents such as invoices, cheques, sales receipts, etc. The student processes the transactions, completes the worksheets, journal entries, special journals, and prepares a trial balance and the financial statements for the first quarter. This is a manual practice set that can be converted to a computerized set through the instructions provided for Simply Accounting.

About The Author

Carol Smith lives in London, England.
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Details & Specs

Title:Sound Bytes Electronics: A One-Month Accounting Practice SetFormat:OtherDimensions:66 pages, 10.6 × 7.7 × 0.1 inPublished:March 15, 2007Publisher:Nelson College IndigenousLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0176104712

ISBN - 13:9780176104719

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Table of Contents

IntroductionCompany BackgroundDescription of Sound Bytes Electronics InformationRatiosTrial Balance as of March 31, 2012Schedules of Accounts Receivable and Accounts PayableSchedule of Merchandise Inventory ItemsCapital Assets NoteWorksheet for 3 Months Ending March 31, 2012Financial Statements for Period Ending March 31, 2012Bank Loan ScheduleRequirementsTransactionsAdditional Documents and Information for AdjustmentsList of Journal Forms ProvidedList of Additional Accounting Forms ProvidedSpecial Journals Decision TreeSpecial JournalsPurchase JournalCash Disbursements JournalSales JournalCash Receipts JournalGeneral JournalChart of General Ledger AccountsComplete General LedgerAccounts Receivable - CustomersAccounts Payable - SuppliersPerpetual Inventory SubledgerBlank WorksheetBlank form for Income StatementBlank form Statement of Changes in Owner''s EquityBlank form for Balance SheetBlank form for Accounts Receivable and Payable Subledger BalancesBlank form for Schedule of Inventory ItemsBlank form for Ratio AnalysisAppendix A: Simply Accounting by Sage, Income StatementAppendix B: Bank Reconciliation FormAppendix C: Bank StatementAppendix D: Goods and Services Tax and Provincial Sales TaxAppendix E: Information on Moving Average Cost of Inventory