This document discusses the key steps and documents involved in the journalizing transaction process. It describes common business documents like invoices, receipts, purchase orders, and delivery documents. It then outlines the specific documents used in a sample transaction between Cebu Car-Tech Center and Manila Car Corporation, including a requisition slip, purchase requisition, purchase order, sales invoice, delivery receipt, receiving report, and stock card.

2. JOURNALIZING
TRANSACTION
1ST STEP OF THE ACCOUNTING
PROCESS
EMARLYN G. JULIANO

3. BUSINESS DOCUMENTS
• The basis of identifying transactions are the supporting
business documents that are on file or vet to be filed as
evidence of transactions to assure the reliability and
verifiability of records.
• The most common documents of a merchandising
business are customers' and suppliers' sales invoices,
official receipts, purchase orders, receiving reports,
delivery receipts, cash vouchers, checks, etc. After
identifying, follows next is analyzing

4. REQUISITION SLIP
This starts with a requisition slip
prepared by a warehouseman and
forwarded to the purchasing
department.

5. PURCHASE REQUISITION
This is usually prepared in
quadruplicate to be sent to
prospective suppliers.
The one who can quote the lowest
price, accept the terms of
payment and agree to deliver the
goods on the specified time and
place is considered as the winning
bidder.

6. PURCHASE ORDER
This document is to be sent to
Manila Car Corporation, the
winning bidder.
This serves as valid contract
between the management of
Cebu Car-Tech Center and
Manila Car Corporation.

7. SALES INVOICE
This document formalizes
the transaction between
Cebu Car-Tech Center and
Manila Car Corporation.
This will show the list of
items ordered As "billed".

8. DELIVERY RECEIPT
This confirms that the goods
have
been delivered to Cebu Car-
Tech Center.
This is prepared by Manila Car
Corporation to accompany the
physical delivery of the goods.

9. RECEIVING REPORT
This document acknowledging
the receipt of goods delivered
by Manila Car Corporation.

10. STOCK CARD
.