Pete's Plumbing: An Accounting Practice Set

Introduction
Business
Accounting Procedures
The Accounting Period
Accounting Process
'Pete's Plumbing' Accounting Information
Requirements
Chart of Accounts
Source Documents
Bank Statement
Sales Journal
Purhases 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
General Ledger
Bank Reconciliation
Worksheet
Statement of Financial Performance
Statement of Financial Position
Post-Closing Trial Balance

This manual accounting practice set is intended for introductory level students, both accounting and non-accounting majors. It allows students to become familiar with the recording process and may be used as an assessable assignment.

This set focuses on a plumbing business, which covers service, inventory and payments. A feature will be the inclusion of accounting for GST and electronic transfer payments. Full background information is given on the business, as well as blank forms of accounts for completion.