The Books Of Original Entry

Introduction

                                        By Stephano Hamilton, Bethlehem Moravian College

Students will learn about the Books of Original Entry and will begin to understand the the purpose for preparing each book of original entry. Click  link below, the following youtube vide will give a better oversight of the books of original entry.

https://www.youtube.com/watch?v=4xvMR3fzxM4

 Books of original entry refers to the accounting journals in which business transactions are initially recorded. The information in these books is then summarized and posted into a general ledger, from which financial statements are produced.

Task

You will learn about the different Books of Original Entry that accounts and business operators use to record the different forms of business transactions with their operations.

  1. Your first task is to put yourself in the shoes of an accountant or a business operator and journal about the books of original entry on the different websites you visit.  
  2. Your second task is to choose one book of original entry that you will be presenting on, at the end of the webquest. 
  3. Your third task will be to work with a partner to create a portfolio on the relivance of all the books of original entry.
  4. Explain the purpose, and how the general journal is prepared also create a sample.
  5. Discuss what the petty cash book is used for and prepare a sample.
  6. Distinguish the difference between a cash book and a petty cash book and create a sample to show how each is used.
  7. Identify source documents that related to the books of original entry and provide samples
  8.       

Process

Process

First....

Go to the following website and read about the uses of the of the Books of Original Entry.

 The Uses Of The Books of Original Entry

Now....

Pretend that you are an accountant, employed to business organization. Go to the following websites and read about the different Books of Original Entry.  

After viewing each website, write specifically about the how each book of original entry is used in your journal. Some starter questions are listed below to help you get started with this.

  • Do you feel that the books of original entry is important in acounting? What is your mind set now since you have read about the Books of original entry?  
  • What kind of trasaction are recorded in the different books of original entry?  
  • As an accountant how will the books of original entry help in a business day to day activities?
  • What kind of information is used prepare the books of original entry?
  1. The different types of Books of Original Entry
  2. The General Journal Description
  3. Petty Cah Book
  4. Source Documents

Next....

Choose one form of source document! You must answer the following questions in a 2-3 paragraph response (typed, Times New Roman,font size 12):

  • What nature is the source document you selected?  
  • How is the source document you selected important to the books of original entry?
  • Do you believe the source document you selected is of great significance to the preparation of particular 'book'?

Print this paper and turn it in to your teacher before moving on to the third stage of this WebQuest.

Finally....

A friend told you that some accounting summer job is coming up for students with the knowledge of accounting (mainly to prepare the books of original entry). You applied for the job and was successful in gaining an interview, during your interviev session your interviewer asked you to explain the use of the Books of Original Entry.

You have alread completed you research on the Books of Original Entry. Now it is time to show that you have a full knowledge of the Books of Original Entry by writing a short and concise of summay about the Books of Original entry. 

You must meet the following requirements to receive full credit for your work: 

  • Summary capture all the main points about the books of original entry. 
  • Make sure your name is at the top!
  • You must make sure your summary is not repetitive.  
  • Make sure grammar and sentence structure are on point. 

Evaluation

Evaluation

This is how your work will be evaluated.

  Poor
1		 Satisfactory
2		 Good
3		 Excellent
4		 Marks
Journalism (x4 = 1 grade for each entry made) Each entry contains inaccurate information. Entries are brief (paragraphs do not meet conventional standards) and one/no accounting principles are present the answer only 1 or none of the questions. Each entry contains inaccurate information. Entries are less than 2 paragraphs long (paragraphs are less than 4 sentences) and some principles of accounting that address 2/3 of the questions. Each entry is accurate based on information in websites.  Each entry is at least 2 paragraphs (4-5 sentences each) and some principles of accounting is present that addresses all of the questions. Each entry is accurate based on information in websites. Each entry is at least 3 paragraphs (5 sentences each) and accounting principles are present that addresses all of the provided questions. Shows effort and thought through writing. (x4)
Conventions of English and Grammar Entries are not in proper journal formation, grammar/spelling mistakes are extensive and effect the ability to read entries. Unorganized and principles do not relate to each account.   Journal contains 5 or more grammar or spelling mistakes. Writing is difficult to read.  Thoughts are unorganized and do not flow. Proper accounting principles. Journal contains 3-4 grammar or spelling mistakes. Writing is neat and relatively organized. Information are thrown together. Proper journal of accounting  formation. Journal only contains 2 or less grammar or spelling mistakes. Writing is neat and organized. Thoughts flow well and Proper accounting journal formation.
Persuasion (writing for stage 2) Argument is unclear/poorly defined. Evidence is unorganized. Writing does not attract attention of audience.  N/A Argument is defined but needs to be presented more clearly. Evidence is organized. Sequencing is lacking. Appeals to audience and draws their attention.  Argument is well defined and presented. Evidence is organized and sequenced logically.  Appeals to audience and draws their attention.
Required accounting skills Writing up of account mistakes are extensive and affect the ability to read the account. 
Unorganized and accounting concepts do not relate to each other. 		 Contains 2 or more accounting principle mistakes. Writing up of accounts is not neat and is unorganized. . Incorrect  formatting. Contains no more than one principle mistake. Writing up of accounts is neat and relatively organized. Proper formatting. Contains no accounting principle mistakes. Writing up of accounts is neat and organized. Proper formating .
Conventions of English and Grammar Summary of the books of original entry contains one of no relivant pionts. Extremely reptitive and Poor grammar, and sentence structuring  Summary may contain one or more Grammar. Contains two or more main points about the books of original entry. Contains one omre repitition. Grammar and sentencing fairly good Summary contains no grammar error and sentence error. The mains ideas was captured, but has no name at the top    Summary was neeetle written, contains no grammar or sentence error and all the main points were captured and exlain properly.
Grouping Refused to work with partner. Did not work well with partner. Argued with teacher about who the partner was. Did not resolve disagreements without teacher's assistance.  Worked well with partner but had minor disagreements and needed teacher's assistance. Worked well with partner for the entire time. Resolved any issues immediately without teacher's assistance.

Conclusion

Congratulations! You have completed this activity and hopefully, you have learned a lot about the Books of Original Entry.

You have all opted to complete this portfolio in a manner that will contrubute to your accounting knowlege, which is also important in the world work. Developing the knowlege and skills of the books of original entry will always will always be an asset to all of you.

If you will like to become more knowledgeable about the book of original entry