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Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann
Edition 7ISBN: 978-1111219512Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann
Edition 7ISBN: 978-1111219512 Exercise 12
Classroom Activity:
You are the controller for Aspen Ski Equipment Co. Snowmass Ski Village has sent you their purchase order for 50 ski poles. Assume that you have the ski poles in stock and are using a manual accounting system. Make a list of all the processes, documents, and journal entries necessary for the sale transaction to work its way through the accounting system and appear on the financial statements. It is not necessary for you to include amounts.
One team will be selected randomly to present its solution to the class.
You are the controller for Aspen Ski Equipment Co. Snowmass Ski Village has sent you their purchase order for 50 ski poles. Assume that you have the ski poles in stock and are using a manual accounting system. Make a list of all the processes, documents, and journal entries necessary for the sale transaction to work its way through the accounting system and appear on the financial statements. It is not necessary for you to include amounts.
One team will be selected randomly to present its solution to the class.
Explanation
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In manual accounting system, the process...
Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann
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