讲义案例f3讲义03ep网课100ch2source records bope michelle

1、Source, Records & Book of Prime Entry后续影响 3 Qs考试类型考题数量分值难度Section A1 Qs2 marksSection B-Source，Records & Book of Prime Entrying Cycle01Source documents0203Book of prime entry1.ing cycle2. Source documentsStageProcessPurchaseSale1Quotation is requested for goods/services (goods or service, pr

2、ice, terms and conditions)Quotation 询价函Quotation 报价函2Order is placedPurchase order采购订单Sales order 销售订单3Goods are dispatched and signed for on receiptGoods received note-GRN (confirmation that goods received fromr)收货单Goods dispatched note-GDN (confirmation that goods sent out to customer)发货单4Payment

3、requestedPurchase invoice采购Sales invoice 销售5Goods may be returned to vendorDebit note (request tor for credit note)借记凭证Credit note (negative invoice)贷记凭证6PaymentRemittance advice note (ing which invoices are being paid and which credit notes offset)付款单Receipt (confirmation that receipt received) 收款单

4、2. Source documentsExample 1. Which of the following documents shouldaccompany a return of goods tor?A. Debit note采购后企业退货 B. Remittance advice 付款C. Purchase invoice 采购D. Credit note 销售后顾客退货Example 2. In which book of prime entry will a businessrecord debit notes? 采购退货A.B.C.D.The sales returns day bo

5、ok The cash bookThe purchase returns day bookThe purchase day book3. Book of prime entryCorrect errorsPeriod end adjustmentAcquire or disposal of NCASales return day bookPurchase return day bookfor returns of goods to credit customersfor returns of goods to creditr3. Book of prime entry Petty cash(a

6、) Pre-set limit, say $50 floating $50 (期初/期末petty cash 保持在$50)(b) Voucher filled in when money is taken out to pay expenses. (i.e. $20)(c) At any time, vouchers 20 + cash 30 = pre-set limit 50.(d) At the end of the week/month, the petty cash book is filled in from the vouchers.(e) The amount needed

7、to bring the balance back up to the pre-set limit,this amount equals to money spent in step (b).Controlling petty cash the imprest system3. Book of prime entry Petty cashExample 3.O1.An imprest system for petty cash controls small cash expendituresbecause a fixed amount is paid into petty cash at th

8、e beginning ofeach period.P 2.O3.An imprest system for petty small cash helps with management ofsmall cash expenditures and reduces the risk of fraud.The imprest system provides a control over petty cash spending because the amount of cash held in petty cash at any time must beequal to the value of

9、the petty cash vouchers for the period.O4.An imprest system for petty cash can operate without the need forpetty cash vouchers or receipts for spending.Amount of petty cash + value of voucher = pre-set amountPaid up to the pre- set amountSource，Records & Books of Prime Entry (BOPE)ing cycle01Sou

10、rce documents0203Books of prime entry(BOPE)Business tranions1. Source documentscreditnotesGDN (Gods dispatch notes)receiptquotationsales orderremittanceadvicepurchaseorderquotationGRN (Gods received notes)debit notes2. Book of prime entryPettCash bookSales day bookPurchase day bookDouble entryCash t

11、ranion receipt &credit salescredit purchasestpayment3. Nominal ledger4. Trial balance5. Final statementsSales return day bookPurchase return day booky cash bookmall cash ranionJournal book adjustmenterrorsMemorandum ledgerSellerpurchaser精选必做题-1 (ing cycle)Whichofthefollowingsystem are corrrect?(

12、1) It provides usefulstatementsabouttheinging information and helps complywith organisation policies and deadlines(2) The salesday book shows amounts owed by individualthe purchase day books shows amounts owed to rscustomers individual(3) Tranandions are categorised in the books of prime entry,summa

13、rised in the nominal ledger and extracted from the trialbalance to produce final statementsing systems to prepare their(4) Entities annual finA. 1 and 3do not needal statementsB.2 and 4C.1, 2 and 3D.1, 2, 3 and 4精选必做题-2 (Source documents)Which of the following are source documents?A.B.C.D.E.F.G.H.I.

14、Petty cash book Sales order Purchase day book Sales invoice Credit note Purchase order Sales day bookGood dispatch notesRemittance advice notes精选必做题-3 (Source documents)What is the purpose of a credit note?A.To inform a creditr of the wish to apply forB.Toincrease theamount of a saleifthewrong amoun

15、t was chargedTo inform a customer their request to open aC.credithas been grantedD.To cancel all or part of an invoice精选必做题-4 (Book of Prime Entry)Choose the statements which are correct1.2.The sales day book is part of the double entry systemA book of prime entry is one in which an initial recordof

16、 tranions is3.An Co. keeped petty cash tranion is to toensure that business expenses are recorded correctlyImprest system is to correct cash at bank balance is4.recorded in teral ledger5.Petty cash does not form part of a companys cashbalance in the finals1.ing cycle精选必做题-5 (Book of Prime Entry)Bob operates an imprest petty cash system. At the endof each month it is agree