The Detailed
Accounting Concepts List is copyrighted by LaVerne Funderburk. |
|
|
|
After a specific high school has purchased
the product, copies may be made for |
|
students and teachers associated with
that high school only. |
|
|
Here is a sample from the compilation. |
|
|
|
SW/GJ |
Glencoe |
SW/MJ |
Purchasing |
|
purchase requisition |
|
388 |
|
purchase order |
|
389 |
|
packing slip |
|
390 |
|
purchases invoice |
225 |
|
233 |
cost of merchandise
(division of general ledger) |
223 |
391 |
230 |
markup |
223 |
|
230 |
vendor |
223 |
|
230 |
Purchases account |
223 |
391 |
230 |
terms of sale (30 days only) |
225 |
|
233 |
due
date of invoice is calculated from supplier inv. date (not date received) |
225 |
391 |
233 |
processing stamp |
|
390 |
|
purchase invoice--stamp with
date received |
225 |
390 |
233 |
purchase
invoice--stamp with our company's sequential purchase inv. # |
225 |
|
233 |
tickler file |
|
395 |
|
due dates |
|
395 |
|
FOB (free on board) destination |
244 |
405 |
244 |
FOB (free on board) shipping
point |
244 |
406 |
244 |
third-party
freight company (Glencoe gives a transaction example) |
244 |
461 |
244 |
Transportation In |
|
406 |
|
purchases--associated
shipping goes in Purchases (if no Transportation In) |
463 |
|
456 |
list price |
466 |
|
461 |
trade discount |
466 |
|
461 |
list price less trade discount equals
invoice amount |
466 |
|
461 |
cash discount (purchases) |
467 |
390 |
462 |
purchases discount |
467 |
390 |
462 |
contra
account (SW) contra cost of merchandise account (Glencoe) |
467 |
391 |
462 |
Purchases Discount (account) |
467 |
390 |
462 |
discount period |
|
391 |
|
terms of sale (2/10, n/30) |
467 |
|
462 |
Purchases Returns and Allowances |
475 |
396 |
471 |
debit memorandum (decrease A/P) |
475 |
396 |
471 |
net purchases |
665 |
|
663 |
|
|
|
|