Sound Bytes Electronics

Other | December 20, 2011

byHarvey Freedman, Carol Smith

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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.

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From the Publisher

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...

Carol Smith lives in London, England.

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Format:OtherDimensions:72 pages, 10.81 × 8.5 × 0.15 inPublished:December 20, 2011Publisher:Nelson College IndigenousLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0176641807

ISBN - 13:9780176641801

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Table of Contents

Introduction Company Background Description of Sound Bytes Electronics Information Ratios Trial Balance as of March 31, 2018 Schedules of Accounts Receivable and Accounts Payable Schedule of Merchandise Inventory Items Capital Assets Note Worksheet for 3 months ending March 31, 2018 Financial statements for period ending March 31, 2018 Bank Loan Schedule Requirements Transactions (source documents received or given during April)Adjustment Information List of Journal Forms Provided List of Additional Accounting Forms Provided Special Journals Decision Tree Special Journals Purchase JournalCash Disbursements JournalSales Journal Cash Receipts Journal General Journal Chart of General Ledger Accounts Complete General Ledger Accounts Receivable-Customers Accounts Payable-Suppliers Perpetual Inventory Subledger Blank Worksheet Blank form for Income Statement Blank form for Statement of Changes in Owner's Equity Blank form for Balance Sheet Blank form for Accounts Receivable and Payable Subledger Balances Blank form for Schedule of Inventory Items Blank form for Ratio Analysis Appendix A: Sage Simply Accounting®, Income Statement Appendix B: Bank Reconciliation Form Appendix C: Bank Statement Appendix D: Harmonized Sales Taxes (HST/GST) and Provincial Sales Tax Appendix E: Information on Moving Average Cost of Inventory