Financial Accounting Six: Special Journals And Subsidiary Ledgers
This course is designed for those interested to learn the basics of special journals and subsidiary ledgers in accounting, be able to explain why they are important, including accounts receivable and accounts payable subsidiary ledgers, sales journals, purchases journals, cash receipts, and cash payment journals.
About This CourseBeginner
We should have a good understanding of debits and credits before this course and we have courses covering debits and credits. We can construct an accounting system where we record every financial transaction using debits and credits in a general journal, posting each journal entry to the general ledger, making the trial balance form the general ledger, and the financial statements from the trial balance.
Special journals are typically used in a manual system but understanding them helps any system because it helps to see what components of an accounting system are necessary to all accounting systems, which components can be changed, and when changing the format of the system would be beneficial. Automated systems also often general useful reports in a similar format as the special journals.
Subsidiary ledgers for accounts receivable and accounts payable are necessary for any system where we make sales on account and purchases on account. In other words, if we make sales and collect money at a later date, we will need to track who owes us money, and if we make purchases and pay at a later date, we will need to track who we owe money to.
Who this course is for:
- Accounting students
- Business owner
- Anyone who wants to learn accounting
Our Promise to You
By the end of this course, you will have learned special journals and subsidiary ledgers.
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Course Curriculum
Course Sections
Section 1 - Introduction
Special Journals Subsidiary Ledgers
Section 2 - Accounts Receivable Subsidiary Ledger
Accounts Receivable Subsidiary Ledger Overview
Accounts Receivable Subsidiary Ledger Explained
Accounts Receivable Subsidiary Ledger – Part 1
Accounts Receivable Subsidiary Ledger – Part 2
Multiple Choice Question 2 – Special Journals
Section 3 - Accounts Payable Subsidiary Ledger
Accounts Payable Subsidiary Ledger Overview
Accounts Payable Subsidiary Ledger
Accounts Payable Subsidiary Ledger – Part 1
Accounts Payable Subsidiary Ledger – Part 2
Multiple Choice Question 3 – Special Journals
Section 4 - Sales Journal
Sales Journal
Sales Journal Service Company
Worksheet – Sales Journal
Sales Journal Merchandising Company
Worksheet – Sales Journal Inventory
Multiple Choice Question 4 – Special Journals
Section 4 - Purchases Journal
Purchases Journal Overview
Purchases Journal Service Company
Worksheet Purchases Journal
Purchase Journal Merchandising Company
Worksheet – Purchases Journal Inventory
Multiple Choice Question 5 – Special Journals
Section 5 - Cash Receipts Journal
Cash Receipts Journal Overview
Cash Receipts Journal
Worksheet – Cash Receipts Journal
Multiple Choice Question 6 – Special Journals
Multiple Choice Question 1 – Special Journals
Section 6 - Cash Payments Journal
Cash Payments Journal Overview
Cash Payments Journal Service Company
Worksheet Cash Payment Journal
Multiple Choice Question 8 – Special Journals
Multiple Choice Question 7 – Special Journals
CPA Exam Part 1
Section 7 - Comprehensive Problem
Comprehensive Problem Overview
Comprehensive Problem Special Journals Part 1
Comprehensive Problem Special Journals Part 2
Comprehensive Problem Special Journals Part 3
Comprehensive Problem Special Journals Part 4
Comprehensive Problem Special Journals Part 5 – Adjusting Entries
Comprehensive Problem Special Journals Part 6 – Financial Statements
Comprehensive Problem Special Journals Part 7 – Closing Process
Section 8 - Definition Of Terms
Accounts Payable Ledger
Accounts Receivable Ledger
Cash Disbursements Journal
Check Register
Compatibility Principle
Controlling Account
Cost Benefit Principle
General Ledger
Purchase Requisition
Sales Journal
Subsidiary Ledger
Section 9 - Discussion Questions And Downloadable Materials
Discussion Question 1
Discussion Question 2
Discussion Question 3
Discussion Question 4
Discussion Question 5
Discussion Question 6
Downloadable Materials
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