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Accounting for Sales, Purchases, and Returns: Books of Original Entry and Related Procedures

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Accounting Flow Intuition: BASE Formula

  • Guided course
    BASE Formula: Accounts Receivable
    08:15
  • Guided course
    BASE Formula: Retained Earnings
    05:34

Journal Entries: Debits and Credits

  • Guided course
    Journal Entries: Debits and Credits
    02:35
  • Guided course
    Journal Entry
    04:24

Journal Entries: Business Formation Example

  • Guided course
    Journal Entries: Business Formation
    02:48
  • Guided course
    Journal Entries: Business Formation
    04:22
  • Guided course
    Journal Entries: Business Formation
    04:06

Trial Balance

  • Guided course
    Constructing a Trial Balance
    06:06
  • Guided course
    Using T-Accounts
    06:43

Types of Receivables

  • Guided course
    Types of Receivables
    08:00

Net Accounts Receivable: Direct Write-off Method

  • Guided course
    Net Accounts Receivable: Direct Write-off Method
    05:59

Net Accounts Receivable: Allowance for Doubtful Accounts

  • Guided course
    Allowance for Doubtful Accounts
    05:50
  • Guided course
    Net Accounts Receivable: Allowance for Doubtful Accounts
    08:06

Net Accounts Receivable: Percentage of Sales Method

  • Guided course
    Net Accounts Receivable: Percentage of Sales Method
    05:33

Net Accounts Receivable: Aging of Receivables Method

  • Guided course
    Net Accounts Receivable: Aging of Receivables Method
    07:36

Sales Tax Payable

  • Guided course
    Sales Tax Payable
    06:22
  • Guided course
    Sales Tax Payable:Total Cash Receipts
    04:10

Types of Accounting

  • Guided course
    Types of Accounting: Financial and Managerial
    04:10

Useful Information

  • Guided course
    Enhancing Characteristics
    03:43
  • Guided course
    Four Underlying Assumptions
    02:49
  • Guided course
    Fundamental Qualitative Characteristics
    03:16

Fundamental Accounting Equation

  • Guided course
    Fundamental Accounting Equation
    02:47
  • Guided course
    Fundamental Accounting Equation
    08:45

The Financial Statements

  • Guided course
    Account Title Classification
    09:57
  • Guided course
    Financial Statements
    06:00

Journal Entries: Debits and Credits

  • Guided course
    Journal Entries: Debits and Credits
    02:35
  • Guided course
    Journal Entry
    04:24

Service Company vs. Merchandising Company

  • Guided course
    Merchandising Company
    07:01
  • Guided course
    Service Company
    03:43

Net Sales

  • Guided course
    Net Sales:Sales Allowances
    06:39
  • Guided course
    Net Sales:Sales Returns
    05:04
  • Guided course
    Net Sales:Sales Discounts (Net Method)
    02:43

Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory

  • Guided course
    Cost of Goods Sold:Perpetual Inventory
    03:41
  • Guided course
    Cost of Goods Sold:Periodic Inventory
    05:53

Perpetual Inventory - Purchases

  • Guided course
    Perpetual Inventory:Purchases
    04:20
  • Guided course
    Perpetual Inventory:Purchase Allowance
    03:00
  • Guided course
    Perpetual Inventory:Purchase Returns
    02:59

Perpetual Inventory - Freight Costs

  • Guided course
    Perpetual Inventory:Freight Costs (FOB Destination)
    03:36
  • Guided course
    Perpetual Inventory:Freight Costs (FOB Shipping Point)
    05:32

Perpetual Inventory - Purchase Discounts

  • Guided course
    Perpetual Inventory:Purchase Discounts
    06:38

Perpetual Inventory - Purchasing Summary

  • Guided course
    Perpetual Inventory:Purchasing Summary
    06:37

Periodic Inventory - Purchases

  • Guided course
    Periodic Inventory:Purchases
    04:52
  • Guided course
    Periodic Inventory:Purchase Returns
    02:54
  • Guided course
    Periodic Inventory:Purchase Allowance
    03:17

Periodic Inventory - Freight Costs

  • Guided course
    Periodic Inventory:Freight Costs (FOB Destination)
    02:55
  • Guided course
    Periodic Inventory:Freight Costs (FOB Shipping Point)
    04:53

Periodic Inventory - Purchase Discounts

  • Guided course
    Periodic Inventory:Purchase Discounts
    06:44

Periodic Inventory - Purchasing Summary

  • Guided course
    Periodic Inventory:Purchasing Summary
    06:59

Single-step Income Statement

  • Guided course
    Single-step Income Statement
    04:56

Multi-step Income Statement

  • Guided course
    Multi-step Income Statement
    07:15
  • Guided course
    Multi-step Income Statement
    09:57