emeronTI

2
RbBnnkarcuHbBaI
karcuHbRBaas nigkarEkkMhus
( Bookkeeping System Reversing and Correcting Entries )

Lecturer: Hour Ry

eRbobeFobsareBIBnkMnt;RKa
nigsareBIBnGciny Compare Periodic Inventory and
I-

Perpetual Inventory

1- Periodic Inventory:

vamin)antamdaneGay)anditdl;elIkarkM
nt;tMlTMnij)anlk;enAeBl lk;eLIy.
mannyfa karkMnt; Cost of Goods Sold
enAcugkarIbriecT Etb:ueNaH .
2- Perpetual Inventory:

va)antamdan)anditdl;elIkarkMnt;tMlTM
nij)anlk;enAeBllk;RKb; eBl. mannyfa
karkMnt; Cost of Goods Sold enARKb;eBllk;.
Lecturer: Hour Ry

eRbobeFob
karTijTMnij

sareBIBnGciRny
Perpetual Inventory

Purchase....................100
Cash, A/P...................100

1-

sareBIBnkMnt;RKa Periodic
Inventory
1-

karTijTMnij

2-

Inventory....................100
Cash, A/P...................100

karbgVilTMnij

Cash, A/P....................20
Purchase Returned......20

karbgVilTMnij

2-

3-

karTUTat;enAkMLge
BlkarcuHtm
A/P..............................80
Purchase discount.........5
Cash............................75

Cash, A/P....................20
Inventory....................20

3-

karTUTat;enAkML
geBlkarcuHtm

Lecturer: Hour Ry

eRbobeFob
sareBIBnGciRny
karTUTat;minenAkgeB Perpetual Inventory

sareBIBnkMnt;RKa Periodic
Inventory
4-

4-

lbBaHtm
A/P...............................80
Cash.............................80

karbg;fdwkCBa
ncMeBaHkarTijTMnij

5-

Freight-in......................15
Cash..............................15

karTUTat;minenA
kgeBlbBaHt
m
A/P...............................80
Cash..........................80

karbg;fdwkCBa
ncMeBaHkarlk;TMnij

6-

Freight-out.....................20
Cash..............................20

5-

karbg;fdwkCBa
ncMeBaHkarTij

Lecturer: Hour Ry

eRbobeFob
sareBIBnkMnt;RKa sareBIBnGciRny
Periodic Inventory
7-

karlk;TMnij

Cash, A/R........................200
Sale...............................200

Perpetual Inventory
7-karlk;TMnij
Cash, A/R...............200
Sale.........................200
and
COGS........................90
Inventory.................90

karbgVilTMnijEdl)anl karbgVilTMnijEdl)an
k;
lk;
Sale Returned..................50

Cash, A/R........................50

Sale Returned...............50
Lecturer: Hour Ry Cash, A/R...................505

eRbobeFob
sareBIBnkMnt;RKa Periodic
Inventory
9-

sareBIBnGciRny
Perpetual Inventory

karTTYlkarTUTat;enAkMLge 9BlbBaHtm

karTTYlkarTUTat;enAk
MLgeBlbBaHtm

Cash...........................147
Sale discount.................3
A/R............................150

Cash...........................147
karTTYlkarTUTat;putBIkarbB
Sale discount.................3
A/R............................150
aHtm
Cash...........................150
10-

10-

A/R............................150

karTTYlkarTUTat;putBIka
rbBaHtm

-karbiTbBaI
RtUveFVIkarbiTEpk
A-biTsniFiedImRKa
11

Inventory

Income summary............40beginning Inventory.........40

B-

begItsniFicugRKa

Ending Inventory............30
Income summary.............30

Cash...........................150
A/R............................150

11-

Lecturer: Hour Ry

II- karcuHbRBaas; Reversing

Entries
KNenykrxHcUlcitkarcuHbRBaas;nUvRbtibtikarE
dlTak;TgnwgkarEktMrUvEpkedImRKankarIbriecT .
karcuHbRBaas;KNenyeFVIenAedImRKabnab;BIeF
VIkarEktMrUvenAcugRKankarIbriecTmun .
sikSa]TahrNdUcxageRkam
1-enAfTI 10/9/11
Rkumhun)anebIkR)ak;ExeGaybuKlikcMnYn $1,200.
2-enAfTI 30/9/11
Rkumhun)aneFVIkarcuHtMrUvnUvTwkR)ak; $ 800 .
3-enAfTI 10/10/11
Rkumhun)anebIkR)ak;ExeGaybuKlik .
Lecturer: Hour Ry

eRbobeFob
When Reversing entries are When Reversing entries are
used
not used

10/9/09
Salary
exp.........1,200
Cash..............1,200
( Paid salary )

10/9/09
Salary
exp..........1,200
Cash....................1,200
( Paid salary )

30/9/09 Salary
30/9/09
Salary exp.............800
exp..............800
Salary payable.....800
Salary payable........800
( Adjusting entries )
( Adjusting entries )
Lecturer: Hour Ry

eRbobeFob
When Reversing entries are not When Reversing entries are
used
used

30/9/09 Income summary....2,000

Salary exp...............2,000
( Closing entries )

01/10/09 No reversing entries

10/10/09
Salary payable.....800
Salary exp............400
Cash.................1,200
( Subsequent Salary entries )

30/9/09 Income summary.....2,000

Salary
exp................2,000
( Closing entries )

01/10/09 Salary
Payable..........800
Salary
exp................800
( Reversing entries )

10/10/09 Salary
exp...............1,200
Lecturer: Hour Ry
9
Cash.....................1,200

III- karEkkMhusRbtibtikar

Correcting entries

KWCameFa)aygayRsYlenAeBlEdlKNenykreF
VIkarcuH Journal minRtwmRtUv .
]TahrN enAf
15/9/11Rkumhun)anlk;TMnijeCOeGayGtifiCnmanT
wkR)ak; $500 .
enAeBlenaHKNenykr)ancuH Journal
EdlRtwmRtUvenaHKW
15/9/11
A/P.....................500 A/R...................500
Sale.......................500 Sale................500

dUecHKNenykrRtUveFVIkarEkkMhusdUcxag
eRkam
15/9/1 A/R................................500
A/P.................................500
Lecturer: Hour
( Correct entries of September 15
)

Ry

10

]TahrN
]TahrN enAfTI 20/9/11Rkumhun)anTij
sMParkariyalyedayminTan;)aneFVIkarTUTat; cMnYn
$250.
enAeBlenaHKNenykr)ancuH Journal

EdlRtwmRtUvenaHKW
20/9/11 Office supply........520 Office equipment......250
Cash...................520
A/P.........................250

dUecHKNenykrRtUveFVIkarEkkMhusdUcxage
Rkam

20/9/11 Office equipment........................250

Cash............................................520
Office supply..................................520
A/P.................................................250
( Correct entries of September 20 )

Lecturer: Hour Ry

11

End Show

Lecturer: Hour Ry

12