Accounting
Journal
Necessary Formulas
1. Amount of Purchase discount = Total purchase x percentage of trade discount
2. Amount of Sales discount = Total sales x percentage of trade discount
3. Total amount of trade discount = Purchase discount + sales discount
4. Net purchase / Purchase goods / Actual purchase = Total purchase - purchase
return - purchase discount - withdrawal goods by the owner - distribution of
goods for free - used goods - sales without profit
5. Expenses related to purchase = Transport expense + purchase
transport/transport + special packing expense + insurance expense of purchased
goods
6. Expenses related to sales = Packing expense + insurance expense of sales goods
7. Opening Capital = Opening capital given by the owner + Opening bank deposit +
Opening stock + Others opening assets accumulation - Others opening liabilities
8. Amount of total capital = Opening Capital + Additional capital + Purchase assets
by the owner + Pay salaries of workers by the owners' money
9. Amount of net capital = Opening capital + Additional capital - withdrawal -
income tax - insurance premium
Journal
Necessary Formulas
1. Amount of Purchase discount = Total purchase x percentage of trade discount
2. Amount of Sales discount = Total sales x percentage of trade discount
3. Total amount of trade discount = Purchase discount + sales discount
4. Net purchase / Purchase goods / Actual purchase = Total purchase - purchase
return - purchase discount - withdrawal goods by the owner - distribution of
goods for free - used goods - sales without profit
5. Expenses related to purchase = Transport expense + purchase
transport/transport + special packing expense + insurance expense of purchased
goods
6. Expenses related to sales = Packing expense + insurance expense of sales goods
7. Opening Capital = Opening capital given by the owner + Opening bank deposit +
Opening stock + Others opening assets accumulation - Others opening liabilities
8. Amount of total capital = Opening Capital + Additional capital + Purchase assets
by the owner + Pay salaries of workers by the owners' money
9. Amount of net capital = Opening capital + Additional capital - withdrawal -
income tax - insurance premium
