Unit 8: Accounting Systems – Assignment 1 (P1) Essay

2748 WordsMay 3, 201511 Pages
Unit 8: Accounting Systems | Assignment 1 (P1) | 9/12/2013 | | Table of Contents 1. Pro forma Cash Receipt 1 2. Company’s Cheque to Supplier 3 3. Power Point Presentation 5 4. Purchase Order Form 8 5. Delivery Note 10 6. Sales Invoice 12 7. Credit Note 14 8. Statement of Account and Remittance Advice 16 References 21 1. Pro forma Cash Receipt You are to prepare pro forma cash receipt for use in the company’s shops. Pick a sample transaction and show the VAT element separately. Placebo LtdFountain HouseLondonN1 | Cash Receipt #: 123456790 | Date: / / . | Cash received from ______________________________________________________Of £ ______________________________________________________________________For _______________________________________________________________________ | Payment Received in: Cash | | Cheque | | Other | | | | Net | VAT | Total | Amount Due | ........ | | | Amount Received | | | | Balance Paid | | | | _______________________Signed By | Image Source: (Free Receipt Template , 2013) What is a Cash Receipt? A pro forma cash receipt is a document narrating incoming payments from debtors or receivables and is issued by the business or creditor (Cash Receipts Function, 2011). Function of Cash Receipts Cash receipts give a quick snapshot of particular debtors and respective repayments, thus, helping the business to recognize the source of cash inflows with respect to receivables within the accounted date range (LexisNexis, 2013). I 2. Company’s Cheque to Supplier Next you are to prepare a company cheque to pay a supplier called Shakers Ltd the amount of an invoice that has a gross total of £3,250.00. You are paying the invoice within the credit terms and are entitled to a cash discount of 2%. Image Source: (Standard Single Use Bank Cheque, 2013)

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