In this chapter, the learning objectives are: Identify the principles and components of accounting information systems, explain the goals and uses of special journals, describe the use of controlling accounts and subsidiary ledgers.
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7-2
ACCOUNTING INFORMATION
SYSTEMS
Accounting Principles, Eighth Edition
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7-4
Basic Concepts
of Accounting Information Systems
Basic Concepts
of Accounting Information Systems
Subsidiary Ledgers
Subsidiary Ledgers
Special Journals
Special Journals
Computerized accounting systems Manual accounting systems
Example Advantages
Sales journal Cash receipts journal
Purchases journal
Cash payments journal
Effects of special journals on
general journal
Accounting Information Systems Accounting Information Systems
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Illustration 71
Principles of an
efficient and effective
AIS.
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7-7
Software programs (functions include sales, purchases, receivables, payables, cash receipts and disbursements, and payroll).
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7-8
Choosing a software package EntryLevel Software
Trang 9Basic Concepts of AIS
Basic Concepts of AIS
LO 1 Identify the basic concepts of an accounting information system.
Trang 16POSTING THE SALES JOURNAL
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7-18
Oneline entry for each sales transaction saves time.
Only totals, rather than individual entries, are posted to the general ledger.
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Trang 22Purchases Journal
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7-26
Credit purchases of equipment or supplies other than merchandise are recorded in the:
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7-28
Special journals substantially reduce the number of entries that companies make in the general journal.
Only transactions that cannot be entered in a special journal are recorded in the general journal.
Also, correcting, adjusting, and closing entries are made in the general journal.
Effects of Special Journals on the General Journal
Special Journals
Special Journals
LO 4 Indicate how companies post a multicolumn journal.
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7-29
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