My First Investing/Trading Books

When I was learning about investing in the stock market, I needed books for more information. There are a lot of free pdf on the web but the books that I like, I want to have a hard copy of it so that my children maybe can read it someday. Maybe that will be the legacy that I'll be leaving them. I want them to know money management as it is very important. If only I have known that when we were kids, maybe I have chosen a different path. So, I went to check the bookstore and EXPENSIVE!! I searched for online bookstores that offers affordable books like amazon and I found at about BOOK DEPOSITORY. These are my first books. Jesse Livermore's Methods of Trading in Stocks - Richard Wyckoff This was my first ever book about trading. It has only 32 pages and can be read in one sitting but full of information. It tells about how Livermore's preparation before and after trading, money management, news, stocks to trade and pyramiding.   How To Trade in Stocks - Jesse Li

Basic Bookkeeping for Non-Accountants - Part 2 Using the Books

Now we discuss how to use the books. There are 5 kinds of books usually being used - general journal, general ledger, cash receipts, cash disbursements and sales journal.
To better illustrate how to use the books, let's have an example.
Juan wanted to open an office supplies store. These are his transactions:
  • January 25 - Completed all registration with DTI, BIR and other necessary permits amounting to P6,000.
  • January 26 - Opened a bank account with a starting capital of P10,000.
  • January 27 - Paid printing of official receipts (OR) and sales invoices amounting to P1,500.
  • January 27 - Purchased his inventory amounting to P30,000 (Use only one account but have to be broken down into details such as bond paper, pencils, pen, crayons, writing pad etc.)
  • January 27 - Purchased stands, tables etc. for his store totaling to P10,000.
  • January 27 - Purchased company signage, flyers, calling card costing him P3,000.
  • January 29 - Paid laborers to fix and clean his store costing him P5,000.
  • January 30 - His store is officially open. He had sales for the day amounting to P3,000.
  • February 10 - Paid electricity for January P500 and water P120.
  • February 15 - Company A purchased some office supplies on credit amounting to P3,000. Terms 10/7 (10% discount if paid within 7 days); 10 days. 
  • February 16 - Replenished inventory amounting to P10,000.
  • February 21 - Company A paid amount owed
  • February 28 - Total cash sales for the month is P5,000. Deposited remaining cash to the bank.
See Excel file below:
  • PV - Payment voucher
  • OR - Official receipt
  • SI - Sales invoice
  • JV - Journal voucher


Popular posts from this blog

My First Investing/Trading Books

Will I Continue Paying My SSS or Not?

How To Register With The BIR

Book Depository