RRS Chapter_04_H&P_22e.pptx - Chapter Chapt 4 er...

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Chapt er Chapter 4 Journalizing and Posting Transactions
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Learning Objective Learning Objective 1 Describe the flow of data from source documents through the trial balance.
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Flow of Data
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Flow of Data (cont.)
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Learning Objective Learning Objective 2 Describe and explain the purpose of source documents.
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Source Documents Trigger the analysis of what happened Begin the process of entering transactions in the accounting system Serve as objective evidence of business transactions Filed for possible future reference
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Source Documents (cont.) Examples: Check stubs or copies of checks Receipt stubs, copies of receipts, cash register tapes, or memos of cash register totals Copies of sales tickets or sales invoices issued to customers or clients Purchase invoices received from suppliers
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Learning Objective Learning Objective 3 Describe the chart of accounts as a means of classifying financial information.
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The Chart of Accounts A list of ALL accounts used by a business In numeric order Used to determine which accounts are affected by a given transaction
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Rohan’s Campus Delivery Chart of Accounts, Part 1
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Rohan’s Campus Delivery Chart of Accounts, Part 2
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Rohan’s Campus Delivery Chart of Accounts, Part 3
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Rohan’s Campus Delivery Chart of Accounts, Part 4
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Rohan’s Campus Delivery Chart of Accounts, Part 5
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Rohan’s Campus Delivery Chart of Accounts, Part 6
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Learning Objective Learning Objective 4 Journalize transactions.
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The Journal A day-by-day listing of transactions Purpose: To provide a record of all
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