On this occasion you will learn recording transactions / documents to
in special journals, relating to trading companies. Besides
it is also a requirement in trading, inventory recording method
merchandise, as well as record transactions into general journals and special journals.
Next will be discussed also about how to post
(book-entry) from a special journal to the ledger, either the main ledger
as well as subsidiary ledgers, and preparing a trial balance. Well, from
learning this time is expected you understand the preparation of the cycle
accounting of a trading company at the recording stage.
In the discussion of the accounting cycle of a service company of course
You also know the characteristics of service companies. To remember
again, consider the characteristics of the following service companies.
- Its activities provide services.
- Revenue is derived from the sale of services.
- There is no cost of goods sold.
- Operating expenses consist of operating expenses.
Well, after you understand the various things about the cycle
accounting service company, then on learning this time we
continue by discussing the accounting cycle in the company
trade.
As you know, in the business world is known
various trading companies, both wholesalers and traders
small traders / retailers. Do you know what that is
referred to the trading company? The trading company is
a company engaged in the purchase of goods
merchandise (finished goods) and resell it
without changing the form for the purpose of obtaining
profit (profit). Meanwhile, the intended goods
merchandise (inventory merchandise) is goods purchased
company for resale.
From the explanation can be concluded, that activity
The main trading company is buying and selling goods
merchandise without changing form.
Well, from the definition of the above trading company, it can be
You know the characteristics of different trading companies with
the characteristics of service companies. As for the characteristics of trading companies in
they are as follows. - Activities to purchase and sale of goods
merchandise. - Revenue is derived from the sale of merchandise.
- There is a calculation of cost of goods sold, for
determine the amount of profit or loss. - Operating expenses consist of sales and expenses
general Administration.
