THE ACCOUNTING SYSTEM

Sales Issue to Customers (RLC)

Invoices
Recording transactions
Purchases Recieve from Suppliers (PLC)

Stage 1 - Financial Documents Sales returns Issue to Customers (RLC)

WHAT IS ACCOUNTING?
Purchases returns Recieve from Suppliers (PLC)
Credit notes
Discount Allowed Issue to Customers (RLC)
Reporting financial information
Discount Received Recieve from Suppliers (PLC)

Sales day book Credit Sales

Purchases day book Credit Purchases

(စာရင်း သွင်း ချက်များ မှန်/ မမှန်စစ်ေ ဆးရန်)
Internal control
Sales returns day book Credit Sales returns
Stage 2 - Books of Prime Entry
Purchases returns day book Credit Purchases returns

Cash book Cash Transactions

(Performance ေကာင်း /မေကာင်း စစ်ရန်)

Measuring business performance Journal Irregular transactions

WHY KEEP ACCOUNTS?

Debit တစ်ကိမ်
Stage 3 - Double-Entry General ledger ထဲသို
(ေငွေ ချးရန်) Credit တစ်ကိမ် သွင်း ရမည်။
Obtaining credit/financing

Stage 4 - Trial Balance Dr Total = Cr Total

(အစိုး ရ၏ ဥပေဒလိုအပ်ချက်အရ)
Statutory requirements

To check / summarise / present / annalyse / interpret the accounts Income

SPL Profit or Loss
Financial transactions and produced financial information Expenses

ROLE OF ACCOUNTANT Life span is more than one year

Chapter 13/14 Preparation of year-end financial statements
Land
Non-Current Assets
Machine
Follow the policies and procedures
Stage 5 - Financial Statements Motor Vehicles

Assets (own) = Changes everyday

Manual
Inventory
Current Assets
ACCOUNTS Trade Receivable (Receivable Ledger Control)

Computerized
Cash and Bank
SFP
Capital +

Accurately
Due more than one year
Non-Current Liabilities
Bank Loan
With integrity Liabilities (owe)
Due within one year

Trade Payable (Payable Ledger Control)

KEEPING ACCOUNTS Current Liabilities
Physically secure
Bank Overdraft

VAT Payable
Up-to-date

With confidentiality