This week’s topics
Principal Source Documents
- Sales orders and purchase orders
- Delivery notes and goods received notes
- Sales and purchase invoices
- Credit notes and debit notes
- Accounting Lecture 02 Part 1 - Recording Transactions
- Accounting 1: Program #9 - "Analyzing and Recording Transactions"
What you will be able to do
- 2.1 Describe principal source documents and Books of Prime (Original) Entry used to record financial transactions.
Activity
Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: describe principal source documents and Books of Prime (Original) Entry used to record financial transactions.
Study materials
Videos
- Accounting Lecture 02 Part 1 - Recording Transactions · YouTube · Craig Pence · 12 min · for registered students
- Accounting 1: Program #9 - "Analyzing and Recording Transactions" · YouTube · JCCCvideo · 51 min · for registered students
- Invoices Explained (Everything You Need to Know) · YouTube · Accounting Stuff · 9 min · for registered students
Further resources
- Principles of Accounting Vol. 1, ch. 6.3–6.4: Recording purchases, sales and returns · PDF · OpenStax, textbook chapter; pp. 347–359 · for registered students
- Introduction to Financial Accounting, Lyryx 2023-A, ch. 5: Accounting for the Sale of Goods · PDF · Other, textbook chapter; pp. 185–220 · for registered students
- International trade paperwork: the basics (GOV.UK) · Reading · GOV.UK, guidance · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
