Analysis and registration of composite accounting document
As we know, we have to involve two accounts in two-way accounting.
One in the debtor column and the other in the creditor column, if an exchange affects two accounts, we use a simple accounting document registration.
Sometimes it happens that we use several accounts and exchanges force us to use several accounts.
In this case, we use the registration of a composite accounting document. This is in the case that it doesn’t matter how many accounts we use on the debtor and creditor side.
In accounting and registration of a composite document, it is customary that all debtor accounts are registered before creditor accounts.
Composite registrations can be divided into three categories:
One debit account and several credit accounts
One creditor account and several debtors
Some debit accounts and some credit accounts
All accounts have the same total debit and credit columns at the end.
Analysis of compound accounting transactions
Example number one
Mr. X performed services for the customer worth 700,000 Rials, of which he received 300,000 Rials and the customer committed to pay 400,000 Rials in the following months.
Commitment is without written guarantee.
Exchange analysis:
Cash and accounts receivable are both assets and their nature is debtors, they are recorded in the debtor column.
Because in this exchange, these two asset accounts are increased and their increase is recorded in the debtor column of the accounting document. In contrast to these accounts, service income has increased, and the creditor column should also be recorded as the sum of the debtor values.
Accounting document registration:
Accounts receivable 400,000 {bad}
cash 300/000 {bad}
Income 700,000 {enough}
Description of the document: Exchange accounting for the provision of cash and credit services
Sample number 2
The exchange of Mr. X during the expenses incurred for the office rent is 900,000 Rials and 150,000 Rials for employee salaries and 500,000 Rials for water consumption.
Exchange analysis:
The cash of an asset is reduced, and this asset must be credited, the creditor’s cash is equal to the total amount of the incurred expenses, noting that these expenses have also increased, and knowing that the expenses are of a debit nature, each of these expenses should be separated separately. be recorded in the debtor column of the accounting document.
Accounting document registration:
Rent cost. 900,000 {bad}
salary cost 150,000 {bad}
Water and electricity costs. 500,000 {bad}
Cash. 1,550,000 {enough}
Description of the document: Payment of salaries, rent and water in cash
Sample number 3
Accounting exchange
Mr. X received an electricity bill of 12,000 Rials and this amount will be paid in the coming days within a week.
Accounting analysis of the third exchange
The costs have increased, the cost of electricity consumption has been calculated and announced to Mr. Naji.
A debt is increased and an account payable is also increased and credited on the other side of the account.
Registration of accounting document
Water and electricity costs 12,000 {bad}
Accounts Payable 12,000 {Enough}
Description of the document: Record of receipt of electricity bill
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This post is written by seyedsajjadam