ACCOUNTING FOR
SEVICES
MEMBERS:
JAMITO KRISTALYN A.
SALAMATIN AIRA
ANTONIO JULIADANELLE
DE MESA KRISTINE
NARAG PAMELLA
ILAGAN LENNON
LAMIGO KEEJAY
CAPAPAS ISAIAH
Accounting Services
Means services that are commonly and historically
performed by accountants, including recording or
summarizing financial transactions, bookkeeping,
analyzing or verifying financial information, reporting
financial results, financial planning or providing attest
services, compilation services, tax services or consulting
services.
Different Accounting Services
1. Bookkeeping
2. tax accounting
3. chartered accounting
4. forensic accounting
5. financial contoller services
6. accounting audit
7. bank reconciilation
8. account payable
9. account receivable
10. payroll processing
MADELA JOURNAL ENTRIES
DATE
PARICULAR
PR
DEBIT
30,000
JUNE 1
CASH
J. MADELA CAPITAL
INNITIAL INVESMANT
10,000
JUNE 4
EQUIPMENT
CASH
PURCHASED EQUIPMENT
4,000
JUNE 7
RENT EXPENSE
CASH
PAID RENT EXPENSE FOR THE MONTH
5,000
JUNE 9
SUPPIES
CASH
PURCHASED SUPPLIES FOR CASH
4,000
JUNE 10
ACCOUNTS RECEIVABLE
REPAIR SERVICE REVENUE
PROVIDED SERVICE ON ACCOUNT
2,500
JUNE 11
ADVERTISING EXPENSES
ACCOUNT PAYABLE
INCURRED EXPENSE ON ACCOUNT
CASH
8,200
JUNE 12
REPAIR DERVICE REVENUE
CREDIT
30,000
10,000
4,000
5,000
4,000
2,500
8,200
DATE
PARTICULAR
PR
DEBIT
5,000
JUNE 16
J. MADELA, DRAWING
CASH
OWNER’S CASH WITHDRAWAL
2,000
JUNE 19
SALARIES EXPENSE
CASH
PAYMENT OF PART TIME
EMPLOYEE’S SALARIES
1,400
JUNE 23
UTILITIES EXPENSE
CASH
PAYMENT OF UTILITY BILLS
CASH
2,400
JUNE 30
ACCOUNTS RECEIVABLE
PARTIAL COLLECTION OF
CUSTOMER ACCOUNT
CREDIT
5,000
2,000
1,400
2,400
IMPRORTANCE OF ACCOUNTING SERVICES
Helping businesses ensure their financial
well being. Accounting professionals are
responsible for recording, analyzing, and
interpreting financial data, providing vital
information about the economic health of
a company.
THANK YOU : )