Examples - Advance and voucher sales

I sell an advance ticket and pay for it with Cash. Other items such as overs/unders are handled the same regardless of the style of sale.

DR

Deposit (banking) determined for the total amount.

GL Account determined by the Payment Type, or default system account if none configured.

CR

Advance Sales system account – amount gross of tax.

Then on the day that the advance ticket matures.

DR

Maturing Sales system account.

CR

Tax Output.

GL Account determined by the Sales Tax, or default system account if none configured.

CR

Box Office Revenue nett of tax.

GL Account determined by the Ticket Type, or default system account if none configured.

We sell a redemption voucher, which will be redeemed for an admit.

DR

Deposit (banking) determined for the total amount.

GL Account determined by the Payment Type, or default system account if none configured.

CR

Concessions Revenue. Normally this would be some sort of redemptions clearing account.

GL Account determined by the Item, or default system account if none configured.

We redeem a redemption voucher.

DR

Redemptions Redeemed.

GL Account determined by the Ticket Type, or default system account if none configured.

CR

Tax Output.

GL Account determined by the Sales Tax, or default system account if none configured.

CR

Box Office Revenue nett of tax.

GL Account determined by the Ticket Type, or default system account if none configured.