Guidance on recording invoices in the appropriate journal based on the nature of the transaction.
Extract
[...] We will therefore record the invoice in the sales journal of SARL JLS. SARL JLS Avenue of the Deported Mr. DRUJE 73000 CHAMBERY 12 Boulevard colonne" 73000 CHAMBERY Invoice N°20nn/126 of 03/04/N Designation Quantity P.U HT Total HT Montre DEVIL bracelet or Montre GRAZZ homme bracelet cuir 1 1 289.00 197.50 289.00 197.50 Total HT" VAT 20 % Total TTC Payment by 31/05/N 486.50 97.30 583.8 There are no particular difficulties in this invoice. Thus, the writing is as follows : SALES JOURNAL Date Item No. [...]
[...] SALES JOURNAL Date Item No. Account No. [...]
[...] However, here the payment is made on 31/05 while the sale took place on 05/04. The discount is therefore not activable. The shipping fees are recorded in a specific account. It is account 7085 'Ports and additional charges invoiced'. Thus, the writing is as follows : SALES JOURNAL Date Item No." Account No. Label Debit Credit 05/04/N 20/NN/127 706 Service Offerings 273,75 7085 Billed Ports 25 44571 Collected VAT" 59,75 411 Clients 358,50 For the sixth invoice, PRECIMAX is indicated at the top left. [...]
[...] To do this, we must look at where the coordinates of the company SARL JLS are located at the top of the invoice. In fact, the issuer of the invoice is the supplier, the seller. His name is located in the top left corner of the invoice. Thus, for the first invoice, it is indicated PRECIMAX in the top left corner. PRECIMAX is therefore the supplier, and we deduce that we are the buyer. We will therefore record the invoice in the purchase journal. Will be placed in red the difficulties of each question. [...]
[...] We will therefore record the invoice in the purchase journal. Sté DURALP Central Street JLS SARL 69000 LYON Avenue of the Deported 73000 CHAMBERY To Have N°148 of 29/04/N Designation Quantity P.U HT Total HT Return Watch Ref : 3259 damaged 4 48.26 193.04 Total HT Remise 5 % VAT 20 % Total TTC to Pay Payment by 31/05/N 193.04 - 9.65 36.678 220.068 The main particularity of this invoice is that it is an invoice to pay of purchase. It is necessary to counterbalance, to cancel, partially the corresponding purchase invoice because we are returning the products. [...]
