special journals

MATERIALS

SPECIAL JOURNALS

-Sales and Cash Receipt Journal-

Alita Arifiana Anisa (30 Maret 2012)

Special Journals

Special Journals is the additional journal for general journal, uses by the most companies to expedite its journalizing and posting. There are five kinds of special journals:

1.      Sales Journal

2.      Cash Receipts Journal

3.      Purchases Journal

4.      Cash Payments Journal

5.      General Journal

Sales Journal

Sales Journal is a journal uses to record the sales transaction on account related to the main operation of corporation, for example sales on account of merchandise.

The form of sales journal

*periodic method:

Date	Account Debited	Invoice Number	Ref	Dr : Account Receivable Cr: Sales

Cash Receipts Journal

Cash Receipts Journal is the journal uses to record all type of transactions that receipt cash for corporation, the most common transaction is the collection of account receivable and cash sales.

The form of Cash Receipts Journal:

Date	Account Credited	Ref	Dr.		Cr.
					AR	Sales	Other account
			Cash	Sales Disc.			Account	Ref	Amount

Case Illustrations:

Bob is a lime seller, he sell his lime Rp 1.000,00 for each bottle. Here is Bob’s operation record for a month:

1 january, Uncle Tom buy a bottle of lime.

3 january, Sarah buy ten bottles of lime on account.

5 january, Eugene buy 50 bottles of lime on cash.

9 January, Bob receive the payment of lime from Sarah for the transaction on 3 january.

11 january, Rio buy 3 bottles of lime on account

Answer:

Sales Journal

Bob’s Lime

January 2012 (On Rupiah)

Date	Account Debited	Invoice Number	Ref	Dr : Account Receivable Cr: Sales
3	Sarah			3.000
11	Bob			3.000
	Total			6.000

Cash Receipt Journal

Bob’s Lime

January 2012 (On Rupiah)

Date	Account Credited	Ref	Dr.		Cr.
					AR	Sales	Other account
			Cash	Sales Disc.			Account	Ref	Amount
1	A Lime purchased by Uncle Tom		1.000			1.000
5	Eugene by 50 bottles of lime		50.000			50.000
9	Payment from sarah		3.000		3.000
Total			54.000		54.000

 references

Weigant, Jerry n Friends. 2002. Accounting Principles. United States of America : John Wiley & Sons, Inc.

Peni R.Pramono. 2008. Ngutak-Ngatik Laporan Keuangan dengan Cara Komik. Jakarta: Elex Media komputindo.