Microsoft Access 2003 is a powerful database application that allows you to build standalone and client-server database applications. Access applications are used in many enterprises for storing inventory and maintaining customer records, sales data, or nearly any other type of data that needs tracking. Access has powerful wizards and tools that make it relatively easy for users to build a database application. However, such databases must often be expanded to include additional features not supported by the simple design provided by the wizard...
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Chapter 6 - Reporting and interpreting sales revenue, receivables and cash. After studying this chapter, you should be able to: Apply the revenue principle to determine the accepted time to record sales revenue for typical retailers, wholesalers, manufacturers, and service companies; analyze the impact of credit card sales, sales discounts, and sales returns on the amounts reported as net sales; analyze and interpret the gross profit percentage;...
Chapter 3 - Recording transactions. Recording transactions related to the purchase and sale of merchandize inventory was introduced and discussed in Chapter 5. This chapter reviews how the cost of goods sold is calculated using various inventory cost flow assumptions. Additionally, issues related to merchandize inventory that remains on hand at the end of an accounting period are also explored.
Chapter 7 - Accounting for sales and accounts receivable. After reading this chapter, you should be able to: Record credit sales in a sales journal, post from the sales journal to the general ledger accounts, post from the sales journal to the customers' accounts in the accounts receivable subsidiary ledger, record sales returns and allowances in the general journal, post sales returns and allowances,...
Chapter 6 - Reporting and interpreting sales revenue, receivables, and cash. In this chapter, students will be able to understand: Apply the revenue principle to determine the accepted time to record sales revenue for typical retailers, wholesalers, manufacturers, and service companies; analyze the impact of credit card sales, sales discounts, and sales returns on the amounts reported as net sales; analyze and interpret the gross profit percentage.
Due to a variety of factors, more and more companies are
being forced to continuously cut costs, boost productivity, and
struggle for success. Although their mandate might be to im-
prove sales, the resources available to do this are being cut.
For companies in this situation, the telephone can become a
For individuals, a career as a telemarketer can be long-
lasting and highly lucrative, especially once you perfect your
skills, gain experience, and develop a track record.
Getting back to 2003, I was still a top
producer in sales but simply wanted a change.
I’d been selling for too long and had no desire
at all to get into sales management. I’ve
always had a strong entrepreneurial drive and
decided to put my prospecting system in
writing and have a try at selling it online. I sat
at my computer from a Friday afternoon
through Sunday evening with no sleep at all
and put my system on paper. Over the next
week I recorded two full-length audio CDs to
The continuity style deliberately sets out to make the camera, camerawork and editing invisible or,
at the very least, unobtrusive. The events on screen seem to take place within a world of their own.
They look as though they have simply been captured by some kind of unseen observer, who just
happened to be watching and recording the action from convenient and suitable positions or
angles. This is the key to the continuity style; its ability to tell a story whilst at the same time hiding
the storytelling mechanisms themselves. ...
While communications and network security are ongoing
concerns, current technology is also making impressive strides
in bioinformatics, which concentrates on untangling the complex
relationships and connections that enable viruses and other
diseases to attack the human body. California-based Ingenuity’s
Variant Analysis and IPA (Ingenuity Pathways Analysis) Web-based
software identifies and analyses individually modelled relationships
between proteins, genes, complexes, cells, tissues, metabolites,
drugs, and diseases.
Building upon the FeedTree distribution system, we
foresee a potential for entirely new services based on
RSS which cannot be accomplished today. By using
single-writer logs  in combination with a distributed
storage mechanism such as a DHT [22, 15, 9], we can
record permanently every RSS item published, allowing
a distributed archival store of micronews across the In-
ternet. Clients of such a system would easily be able to
ﬁnd out what they “missed” if they had been ofﬂine for
so long that old RSS items are no longer available in any
conventional, static RSS feed.
You should document any electronic transfer of a product so that you can show why tax does not apply to that
transaction. For instance, if you electronically transmit an image to a customer by email, you should print out a
copy of the transmittal email and retain that copy in your records. You may also note on your sales invoice that the
product was transferred electronically and the date transferred. If you transfer an image by FTP or download it to
your customer’s computer directly from your computer, a CD, or another storage media that you keep (the “load
Non commercial sharing of this publication is permitted without permission. Commercial use restrictions apply. No portion of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means: electronic; mechanical; photocopy; recording; or any other, except for brief quotations in printed or online reviews, without the prior written permission of the publisher. Smashwords Edition, License Notes This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people.
In this book, I take you through the continuous cycle of bookkeeping, which begins with
setting up your company’s books, developing a list of your company’s accounts (Chart of
Accounts; see Chapter 3), developing your company’s General Ledger (which summarizes all
the activity in a company’s accounts; see Chapter 4), and developing your company’s journals
(which give details about all of a company’s financial transactions; see Chapter 5).
Chapter 5 - Receivables and sales. In this chapter you will learn: Recognize accounts receivable; calculate net revenues using discounts, returns, and allowances; record an allowance for future uncollectible accounts; use the aging method to estimate future uncollectible accounts; apply the procedure to write off accounts receivable as uncollectible;…
Andre Sampri Sporting Goods Store purchases sporing goods merchandise on account from various vendors. Below is an invoice from Tennis Wear World.
Prepare Andre Sampri’s journal entries for each of the following transactions, assuming use of a periodic inventory system and the “gross method” of recording:
To record the invoice on May 15.
To record the return of the Summer Fun collection on May 17.
To record the payment of the balance due if payment occurred on May 20.
To record the payment of the balance due if payment occurred on May 30....
Little-Bug Corp International publishes children’s books. Following are facts you need to prepare Little-Bug Corp’s August bank reconciliation:
Balance per company records at end of month $217,932.36
Bank service charge for the month 132.00
NSF check returned with bank statement 4,321.98
Note collected by the bank during the month 135,000.00
Outstanding checks at month end 94,660.71
Interest on note collected during the month 13,500.00
Balance per bank at end of month 432,671.97
Deposit in transit at month end 23,967.12...
Alpine Medical Corporation (AMC) accepts credit card payments from its patients. Following are the batched transactions for May 19.
1) Total charges on MoreMoney and Wind credit cards were $42,000. These cards are “bank cards” and AMC receives daily cash settlement directly to its bank account, net of service charges of 1.5%.
2) Total charges on EuropeanExpress cards were $6,000. This card is not a bank card, and settlement does not occur until approximately two weeks following the date of the transaction.
The fundamentals of the market have historically assisted with healthy capital growth opportunities.
Colliers International has undertaken a resale analysis of fi ve buildings within the CBD in various
geographical locations which provide varying view profi les and levels of fi xtures and fi nishes. Of the
417 resales recorded in the fi ve buildings, 97% of the transactions resulted in positive capital growth
for the owner. This data suggests the Sydney CBD provides prosperous capital growth opportunities
for the astute buyer.
Lecture Financial accounting - Appendix 5A: Periodic inventory system include objectives: Record purchase and sales transactions under the periodic inventory system, rrepare adjusting and closing entries under the periodic inventory system.