Clover Cellars: An Accounting Practice set with QuickBooks Option

Abdel Halabi, Monash University
Robyn Dyt, Monash University

Overview of 'Clover Cellars'	1
Accounting Introduction	1
Source Documents	3
Bank Statement	18
Manual Section	19
Instructions for using Excel spreadsheets Accounting Procedures The Accounting Period Accounting Process 'Clover Cellars' Accounting Information Requirements Chart of Accounts Sales Journal Purchases Journal Cash Receipts Journal Cash Payments Journal General Journal Petty Cash Book Accounts Receivable Subsidiary Ledger Accounts Schedule of Accounts Receivable Accounts Payable Subsidiary Ledger Accounts Schedule of Accounts Payable Inventory Cards Cost of Goods Sold Record Cards Schedule of Inventory General Ledger Accounts Bank Reconciliation Worksheet Statement of Financial Performance Statement of Financial Position	20 21 22 22 23 27 29 30 30 31 32 34 37 38 39 40 41 42 44 45 46 58 59 61 62
Computerised Section	63
Accounting Procedures and Installing the Software The Accounting Period Accounting Process 'Clover Cellars' Accounting Information Requirements Credit Purchases Credit Sales Cheque/EFT Payments Petty Cash Inventory Purchases Cash Sales Receive Payments Make Deposits Pay Creditors Bank Reconciliation Journal Entries Reports	64 68 68 69 82 84 89 94 99 100 104 110 113 115 118 120 121

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Table of Contents