Kế toán, kiểm toán - Chapter 7: Accounting information systems

Chapter 7ACCOUNTING INFORMATION SYSTEMSCOMPONENTS OF ACCOUNTING SYSTEMSC1KeyboardsScannersModemsBar-Code ReaderHardwareSoftwareProfessional JudgmentIncreasingly, source documents are electronic files creating a “paperless” system.COMPONENTS OF ACCOUNTING SYSTEMSC1CD/DVDHard DriveTapePaper DocumentPrinterMonitorProjectorsWeb communicationsSPECIAL JOURNALS IN ACCOUNTINGC2SUBSIDIARY LEDGERSSubsidiary ledgers are a listing of individual accounts with common characteristics.CharacteristicControllingAccountSubsidiary LedgerAmounts due from customers Accounts ReceivableAccounts ReceivableLedgerAmounts owed to creditorsAccountsPayableAccounts PayableLedgerC3ACCOUNTS RECEIVABLE LEDGERAfter all items are posted, the balance in the accounts receivable controlling account is equal to the sum of the balances in the accounts receivable subsidiary ledger.C3SALES JOURNALP1PROVING THE LEDGERSP2The balance of the Accounts Receivable controlling account in the general ledger should equal the accounts in the accounts receivable subsidiary ledger.A schedule of accounts receivable lists each customer and the balance owed. SALES TAXESP1Governmental agencies often require sellers to collect sales taxes from customers and to periodically send these taxes to the appropriate agency. P1Cash Receipts TypesCash from credit customersCash from cash salesCash from other sourcesFOOTING, CROSSFOOTING, AND POSTINGP1 P1PROVING THE LEDGERP2The balance of the Accounts Payable controlling account in the general ledger should equal the accounts in the accounts payable subsidiary ledger.A schedule of accounts payable lists each supplier and the balance owed to them. P1GENERAL JOURNAL TRANSACTIONSAdjusting EntriesPurchase Returns & AllowancesClosingEntriesP1Sales Returns & AllowancesEND OF CHAPTER 7