Manual System Accounting Records The Manual System section of this text presents the documents, journals, and ledgers typically used for the revenue cycle of a manual system.

Using this discussion as a guideline, present the documents, journals, and ledgers for an expenditure cycle. Presume the expenditure in question is the receipt of and payment for inventory items. Further, presume there is a time lag between the purchase of inventory and the payment for inventory.

a. What are the documents that will be used by this cycle?

b. For each document stated above, is this a source, product, or turnaround document?

c. What are the journals that will be used in this cycle?

d. For each journal stated, is this a general or special journal?

e. What are the ledgers that will be used in this cycle?

f. For each ledger stated, is this a subsidiary or general ledger?