Proponiamo un esercizio svolto sulla PARTITA DOPPIA in lingua INGLESE 

Double entry Method

(General Accounting)

Exercise:

20/11: issued invoice no.25 of €6000 + VAT for the sale of goods on CIF terms; paymet 30 days by bank transfer;

26/11: received invoice no. 48 of € 500 + VAT from Mc Fall spa courier for transport services, payment in cash,at sight;

28/11: issued invoice no. 26 for the sale of goods ex-works of € 8500 + VAT;the invoice includes undocumented transport costs of € 160 + VAT . Payment by bank cheque of € 10500;

30/11: paid, by bank cheque, invoice no. 48 of €976 issued by Globetrotter srl courier for the transports of goods on behalf of the customer Steven spa;

02/12: issued invoice no. 27 to Steven spa for goods sold on credits € 3400 + VAT ; the invoice includes the transport cost billed by the courier (Globetrptter srl) in invoice no. 48 , payment by

30-day promissory note;

20/12: received bank transfer as payment of invoice no. 25.

Date

Description

Debit

Credit

20/11

TRADE DEBTORS

7320

20/11

VAT PAYABLE

1320

20/11

GOODS SOLD

6000

Issued invoice no. 25

26/11

TRANSPORTS COST

500

26/11

VAT PAYABLE

110

26/11

TRADE CREDITORS

610

Received Invoice no 48

26/11

TRADE CREDITORS

610

26/11

CASH-ON HAND

610

Paid Invoice no.48

28/11

TRADE DEBTORS

10565,2

28/11

VAT PAYABLE

1870

28/11





GOODS SOLD

8500

28/11

SELLING COSTS REIMBURSED

195,2

Issued invoice no. 26

28/11

BANK CURRENT A/C

10560

28/11

REBATES AND DISCOUNTS ALLOWED

5,2

28/11

TRADE DEBTORS

10565,2

Collected invoice no. 26

30/11

RECEIVABLE FROM CLIENTS

976

30/11

BANK CURRENT A/C

976

Invoice no.48 for transports costs

02/12

TRADE DEBTORS

5124

02/12

VAT PAYABLE

748

02/12

GOODS SOLD

3400

02/12

RECEIVABLE FROM CLIENTS

976

Paid invoice no. 27

02/12

BANK CURRENT A/C

5124

02/12

TRADE DEBTORS

5124

20/12

BANK CURRENT A/C

7320

20/12

TRADE DEBTORS

7320

Paid invoice no. 25