Scribd Logo
Upload

Welcome to Scribd!

  • 223 views

    2016 12 PPT Acctg1 Bus Transactions Analysis

    Uploaded by

    Krisha Mae Alvarez Sangalang
    The document discusses analyzing business transactions and the accounting process. It identifies several key steps: [1] identifying business transactions that affect assets, liabilities, equity, revenues or expenses; [2] analyzing each transaction to determine if there is a monetary amount that can be recorded; and [3] recording qualifying transactions in the books of accounts. It provides examples of common business documents like receipts, invoices, bank statements and time cards that are used as source documents to record transactions.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    2016 12 PPT Acctg1 Bus Transactions Analysis

    Uploaded by

    Krisha Mae Alvarez Sangalang
    223 views9 pages
    The document discusses analyzing business transactions and the accounting process. It identifies several key steps: [1] identifying business transactions that affect assets, liabilities, equity, revenues or expenses; [2] analyzing each transaction to determine if there is a monetary amount that can be recorded; and [3] recording qualifying transactions in the books of accounts. It provides examples of common business documents like receipts, invoices, bank statements and time cards that are used as source documents to record transactions.

    Original Description:

    For study

    Original Title

    2016 12 Ppt Acctg1 Bus Transactions Analysis

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses analyzing business transactions and the accounting process. It identifies several key steps: [1] identifying business transactions that affect assets, liabilities, equity, revenues or expenses; [2] analyzing each transaction to determine if there is a monetary amount that can be recorded; and [3] recording qualifying transactions in the books of accounts. It provides examples of common business documents like receipts, invoices, bank statements and time cards that are used as source documents to record transactions.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    223 views9 pages

    2016 12 PPT Acctg1 Bus Transactions Analysis

    Uploaded by

    Krisha Mae Alvarez Sangalang
    The document discusses analyzing business transactions and the accounting process. It identifies several key steps: [1] identifying business transactions that affect assets, liabilities, equity, revenues or expenses; [2] analyzing each transaction to determine if there is a monetary amount that can be recorded; and [3] recording qualifying transactions in the books of accounts. It provides examples of common business documents like receipts, invoices, bank statements and time cards that are used as source documents to record transactions.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 9

    ANALYSIS OF BUSINESS

    TRANSACTIONS
    FUNDAMENTALS OF
    ACCOUNTANCY, BUSINESS AND
    MANAGEMENT 1
    LEARNING OBJECTIVES

     Describe the nature and give


    examples of business
    transactions
     Identify the different types of
    business documents
    Recap of the previous topics:

     What is journal?
     What is ledger?
     Differentiate the preparations of the two
    books of accounts
    Business Activities
    THE ACCOUNTING PROCESS

     It is the core of accounting


     It outlines the various procedures
    accountants carry out that lead to the
    preparation of financial statements which
    will be used by both the external and
    internal users to make economic decisions.
    Identifying, analyzing, and
    measuring the economic effects
    of transactions

     The accounting process begins with the


    identification of an event, the analysis of the effects
    of that event, and the measurement of the impact of
    that event to the business’ financial statements.
    List of events
    1. Firm buys a printer for the office for P5,500
    2. Firm hires two employees which will be paid
    P15,000 monthly
    3. Firm pays rent on the land where its building
    stands, P12,300
    4. Firm signs a subscription contract for an internet
    plan at P999 per month which will be due at the
    end of each month
    5. Firm order 20 packs of brown envelops from the
    bookstore at P20 per pack
    Analysis of each event

    Does it affect the composition of


    either assets, liabilities, equity,
    Is there a revenues, or expenses?
    monetary
    amount
    YES NO
    that can
    be YES Record in the Do not
    assigned books record
    to the NO Do not Do not
    event? record record
    BUSINESS DOCUMENTS
    Source Document Purpose as a Source Where generated/ by
    Document whom
    Receipt To evidence the receipt of cash Outside, the seller firm
    for a sale
    Sales Invoice (bill) To evidence a purchase, and Outside, the seller firm
    thus the recording of a liability
    to the seller

    Bank statement To evidence the bank charges Outside, the depository


    for the period which the firm bank
    would otherwise not know
    about

    Time card To evidence the number of Within, workers


    hours worked by employees, to
    be used as basis for
    determining wages

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy