How to code an invoice
Coding tells the system where each figure on an invoice goes. Code a sales invoice and a purchase invoice.
Task 1Coding a sales invoice4 questions
Coding an invoice means putting the right code beside each figure, so that it is entered in the right account.
| Code | Account |
|---|---|
| 1100 | Trade receivables |
| 2100 | Trade payables |
| 2200 | VAT |
| 4000 | Sales: mugs |
| 4010 | Sales: plates |
| 5000 | Purchases |
| 5400 | Telephone |
- The customer code says whose account it is in the sales ledger
- Each net line takes an income code
- The VAT takes the VAT code
- The gross total takes the Trade receivables code
| Item | Amount |
|---|---|
| Stoneware mugs | 180.00 |
| Dinner plates | 150.00 |
| VAT at 20% | 66.00 |
| Gross total | 396.00 |
Task 2Coding a purchase invoice4 questions