Ppt on ledger and trial balance

Chapter 4 Journal, Ledger, Trail Balance 1© Paradigm Publishing, Inc.

, analyze transactions, post to ledger, prepare trial balance c.Analyze transactions, post to ledger, journalize, prepare trial balance d.Journalize, post to ledger, analyze transactions, prepare trial balance e.Journalize, post to ledger, prepare trial balance, analyze transactions Quick Check Learning Objective 6 © Paradigm Publishing, Inc.51 Prepare a Trial Balance from a Ledger after Posting Not a formal financial statement A test of the equality of debits and credits in the ledger The order of accounts/


Recording Basic Transactions Chapter Three. Ledger Accounts In simple terms the ledger accounts are where the double entry records of all transactions.

to the next accounting period for income statement items. The Trial Balance At the end of the year, once all ledger accounts have been balanced off, the closing balances are summarised on a long list of balances. This is referred to as a trial balance.ledger accounts All the closing debit balances are summarised in one column and the closing credit balances in another. Given the nature of the double entry system/


BFA104 Accounting Context & Method. Topic 2 The Accounting Cycle (Two-column journal and ledger accounts: Debit and Credit reasoning, closing and balancing.

Ltd This week we are going to complete Extreme Sports Ltd from the start again, but analysing transactions using a general journal, posting to the general ledger, footing accounts and preparing a trial balance and preparing and posting closing general journal entries and finally balancing the balance sheet (real) accounts. But a point to note, we need to be very aware of how to analyse transactions into their debit/


Finance Basics Illustration : Journalize the following transactions in the books of Shri K.K. Luhra, post them into ledger and prepare a trial balance.

Finance Basics Illustration : Journalize the following transactions in the books of Shri K.K. Luhra, post them into ledger and prepare a trial balance as on 30 th March 2010: March: 1 Commenced business with a capital of SAR 10,000 3Purchased office furniture for SAR 1,500 5 Purchased goods from Mr. Anil /


Slide 3-1. Slide 3-2 C H A P T E R 3 THE ACCOUNTING INFORMATION SYSTEM Intermediate Accounting IFRS Edition Kieso, Weygandt, and Warfield.

the journals to the ledger (or ledgers). 3.Take an unadjusted trial balance (trial balance). 4.Prepare adjusting journal entries and post to the ledger(s). 5.Take a trial balance after adjusting (adjusted trial balance). 6.Prepare the financial statements from the second trial balance. 7.Prepare closing journal entries and post to the ledger(s). 8.Take a trial balance after closing (post-closing trial balance). 9.Prepare reversing entries (optional) and post to the ledger(s). Slide 3-85/


0 Glencoe Accounting Unit 2 Chapter 7 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 7, Section 3 Preparing a Trial Balance.

© by The McGraw-Hill Companies, Inc. All rights reserved. Key Terms Review  proving the ledger Adding all debit balances and all credit balances of ledger accounts, and then comparing the two totals to see whether they are equal.  trial balance A list of all the general ledger account names and balances; it is prepared to prove the ledger.  transposition error Error that occurs when two digits within an amount are accidentally reversed/


Slide 3-1. Slide 3-2 C H A P T E R 3 THE ACCOUNTING INFORMATION SYSTEM Intermediate Accounting IFRS Edition Kieso, Weygandt, and Warfield.

the journals to the ledger (or ledgers). 3.Take an unadjusted trial balance (trial balance). 4.Prepare adjusting journal entries and post to the ledger(s). 5.Take a trial balance after adjusting (adjusted trial balance). 6.Prepare the financial statements from the second trial balance. 7.Prepare closing journal entries and post to the ledger(s). 8.Take a trial balance after closing (post-closing trial balance). 9.Prepare reversing entries (optional) and post to the ledger(s). Slide 3-85/


Accounting & Financial Analysis 111 Lecture 5 Closing General Ledger entries, Trading Account – Gross Profit Profit & Loss Account – Retained Profit Closing.

Proprietary Ledger accounts. Trial Balance However, we have produced a Trial Balance showing the balances of all the general ledger accounts (Nominal & Proprietary Ledgers) If each ledger was kept separately (as should have been) the nominal ledger balances would be at the top of the Trial Balance. Draw an imaginary line to separate the Nominal Ledger accounts from the Proprietary Ledger accounts. Close off accounts All the Nominal Ledger accounts have to be closed (balanced off) and transferred/


Chapter 2 Analyzing and Recording Transactions. Outline of Chapter 2 Analyzing and Recording Transactions Analyzing & Recording Process Analyzing & Processing.

sum of Cr. Balances. trial balance all account The trial balance lists all account balances in the general ledger. To verify To verify the sum of Dr. balances equal the sum of Cr. Balances. A1 2-46 试算平衡表 Equality no guarantee no errors made. Six Steps for Searching for and Correcting Errors If the trial balance does not balance, the error(s) must be found and corrected. ① correctly added ① Make sure the trial balance columns are correctly/


C2 - 1 Learning Objectives 1.Usefulness of an Account 2.Characteristics of an Account 3.Analyzing and Summarizing Transactions 4.Illustration of Analyzing.

telephone bill $310. 15.Paid electric bill $225. 16.Fees earned $2,870 for cash. 17.Received cash for $1,120. 18.Withdrew $2,000 for cash. C2 - 52 Journal, Ledger, and Trial Balance P61-67 QUESTIONS: 1.Why the transaction is initially recorded in a journal? 2.Why the entry must be posted to/


Power Notes Chapter F2 Learning Objectives C2 Analyzing Transactions

Chapter F2 Analyzing Transactions Slide # Power Note Topics 3 11 36 40 43 50 57 Double-Entry Accounting Analyzing and Recording Transactions Chart of Accounts, Trial Balance Journal, Ledger, and Trial Balance Recording and Posting an Entry Correcting Errors Horizontal Analysis Note: To select a topic, type the slide # and press Enter. Double-Entry Accounting “ Double-entry accounting is based on a simple concept: each party in a business/


Joan Martin. This module is revision for students who are studying Junior Certificate Business Studies and have an interest in studying Accounting for.

questions.docx DrInsurance AccountCr 1/6Cash€450 DrCash AccountCr 1/6Insurance€450 After all transactions are completed in the ledger accounts, the accounts are balanced off and the closing balances are transferred to a Trial Balance. Trial Balance From a Trial Balance the Final Accounts are prepared: Trading Account Profit and Loss Account Balance Sheet Full questions all accounts.docx DetailsFDebitCredit SalesGL€230,000 BankCB€230,000 Business Documents Transactions Credit Purchases/


The General Journal and the General Ledger

. Transactions (a) to (s) Your textbook presents each transaction and shows how to post it. Copyright © Houghton Mifflin Company. All rights reserved. Performance Objective 3 Prepare a trial balance from the ledger accounts Copyright © Houghton Mifflin Company. All rights reserved. Preparing a Trial Balance List the ledger account balances in two columns on the trial balance Left column = Debits Right column = Credits Trial balance proves DR = CR Copyright © Houghton Mifflin Company. All/


Chapter 4 – The Simple Ledger

on Credit Read each section (p.94) and make your own notes WHY DO WE DO A TRIAL BALANCE? Periodically it is necessary to check the accuracy of the ledger (your T-accounts) To do this we use a form called a TRIAL BALANCE 4.4 Trial Balance WHAT IS A TRIAL BALANCE? TRIAL BALANCE - is simply the listing of the account balances in a ledger it is used to see if the dollar/


Lesson 2 Control Accounts and Correction of Errors

,000) - Goods returned (8,000) 130,000 Control account balance and the total of individual accounts should be equal after the reconciliation. Use of trial balance to detect errors Trial balance is a worksheet that show all the final balances of ledger accounts The balances should be entered as follows. The total of debit side and credit side should be equal Trial balance will make sure that the accounting process is mathematically/


Cash, Short-term Investments and Accounts Receivable

the Rent Expense account Chapter 3 Cash Account from Snow Mountain Retreat General Ledger Chapter 3 TRIAL BALANCE Chapter 3 Trial Balance A trial balance is a 2 column listing of the general ledger accounts and their balances. A trial balance’s purpose is to ensure that the accounting system is “in balance”. If a trial balance does not balance, there are one or more errors in the accounting records which must be corrected. Chapter 3/


C2 - 1 Learning Objectives 1.Usefulness of an Account 2.Characteristics of an Account 3.Analyzing and Summarizing Transactions 4.Illustration of Analyzing.

an Account 2.Characteristics of an Account 3.Analyzing and Summarizing Transactions 4.Illustration of Analyzing and Summarizing 5.Trial Balance 6.Discovery and Correction of Errors 7.Financial Analysis and Interpretation Power Notes Analyzing Transactions Analyzing Transactions Chapter F2 C2 C2 - 2 Double-Entry Accounting Analyzing and Recording Transactions Chart of Accounts, Trial Balance Journal, Ledger, and Trial Balance Recording and Posting an Entry Correcting Errors Horizontal Analysis Slide #Power/


The General Journal and the General Ledger

. Transactions (a) to (s) Your textbook presents each transaction and shows how to post it. Accounting Is Fun!Accounting Is Fun! Performance Objective 3 Prepare a trial balance from the ledger accounts Accounting Is Fun!Accounting Is Fun! Preparing a Trial Balance List the ledger account balances in two columns on the trial balance Left column = Debits Right column = Credits Trial balance proves DR = CR Accounting Is Fun!Accounting Is Fun! Steps/


Unit 3 – Recording Transactions in T-Accounts. Key Concepts Balance sheet to T-account ledger Analyze transactions using debits and credits Record transactions.

Unit 3 – Recording Transactions in T-Accounts Key Concepts Balance sheet to T-account ledger Analyze transactions using debits and credits Record transactions in T-accounts Calculate the balances in accounts Trial balances New balance sheet from Trial Balance Accounts Transaction analysis sheet – impractical due to the large number of financial events that occur each day in business. More efficient method is to keep a separate record of the /


1 © Copyright 2007 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star Logo, and South-Western are trademarks used herein under.

decrease equity which is on right side of equation are –Increased by debits and –Have debit balances DEBIT BALANCE EXPENSE ACCTS + LG 3 23 RULE 3 OF DEBIT & CREDIT For each/12/31/2007 Transactions for December recorded –Journals, ledgers Trial balance for December transactions Adjustments recorded –Supplies, insurance used –Revenue earned –Wages owed –Depreciation Transactions for December recorded –Journals, ledgers Trial balance for December transactions Adjustments recorded –Supplies, insurance used/


INTRODUCTION TO FINANCIAL ACCOUNTING. Introduction to Final Final Accounts Finance means Cash, Money, Price, Value and Cost Its relating to Monetary benefit.

cheque (sent to bank on the same day) 500 Jan 31 Proprietors personal use 1,000 Trial Balance INTRODUCTION  The Trial Balance contains the debit and credit balances of all LEDGER accounts, it is very much useful in preparation of FINAL ACCOUNTS.  It is a connecting link between the LEDGER & FINAL ACCOUNTS.  Trial Balance can be prepared at any time & not necessarily at the end of a calendar or accounting/


© The McGraw-Hill Companies, Inc., 2005 McGraw-Hill/Irwin Analyzing and Recording Transactions Chapter.

Companies, Inc., 2005 McGraw-Hill/Irwin Searching for and Correcting Errors If the trial balance does not balance, the error(s) must be found and corrected.  Make sure the trial balance columns are correctly added.  Make sure account balances are correctly entered into the ledger.  See if debit or credit accounts are mistakenly placed on the trial balance.  Recompute each account balance in the ledger.  Verify that each journal entry is posted correctly/


Chapter 2-1 Financial Accounting & Information System (2) Session Objectives: Last Session Recap Last Session Recap Debits and Credits in Accounting Debits.

the recording process. 5. 5.Explain what a ledger is and how it helps in the recording process. 6. 6.Explain what posting is and how it helps in the recording process. 7. 7.Prepare a trial balance and explain its purposes. Study Objectives Chapter 2-6 The Account Debits and credits Expansion of basic equation Limitations of a trial balance Locating errors Use of dollar signs Summary illustration/


Chapter 7 Quiz on next Tuesday Nov 3.  Let’s review how trial balance is made: 1. Journal entry is made in journal. Debit amount and Credit amount must.

Capital200 Expense 150 Expense 225 Total225285 (Difference is 60) **** 60 / 2 = 30  Start with any of the following 4 tests: 3. Divide the difference by two. Then search the trial balance and the ledger accounts for this divided amount. ◦ If an equivalent amount is found, check it carefully. ◦ See if a debit amount has been posted or transferred as a credit, or vice versa/


3-1 ©2006 Prentice Hall, Inc.. 3-2 ©2006 Prentice Hall, Inc. THE ACCTG INFO SYSTEM AND THE ACCTG CYCLE (1 of 2)  Learning objectives Learning objectives.

accounts?  Why is posting important? 3-33 ©2006 Prentice Hall, Inc. Prepare Unadjusted Trial BalanceTrial balance  A list of all accounts in the ledger with debit and credit balances  At a given point in time  Unadjusted trial balance done before adjusting entries prepared and posted  What errors could be present when the trial balance balances? 3-34 ©2006 Prentice Hall, Inc. Recording Posting and Trial Balance  Recording transactions Recording transactions  Posting transactions to the general/


© The McGraw-Hill Companies, Inc., 2005 McGraw-Hill/Irwin Analyzing and Recording Transactions Chapter 2 2.

Companies, Inc., 2005 McGraw-Hill/Irwin Searching for and Correcting Errors If the trial balance does not balance, the error(s) must be found and corrected.  Make sure the trial balance columns are correctly added.  Make sure account balances are correctly entered into the ledger.  See if debit or credit accounts are mistakenly placed on the trial balance.  Recompute each account balance in the ledger.  Verify that each journal entry is posted correctly/


CHAPTER 6 TRIAL BALANCE. Form of Trial Balance TRIAL BALANCE  The variance between debit side and credit side is called the balance  Once the balances.

CHAPTER 6 TRIAL BALANCE Form of Trial Balance TRIAL BALANCE  The variance between debit side and credit side is called the balance  Once the balances of the individual accounts have been determined, a trial balance can be prepared  A trial balance is a list of all the accounts in the ledger with their current balances  A trial balance represents of the proof of the equality between debit balances and credit balances The Usefulness of Trial Balance A trial balance will show a summary of the/


Adjustments and the Ten-Column Work Sheet Making Accounting Relevant Financial data must be communicated properly before it can be used effectively. Making.

Ten-Column Work Sheet Five amount sections: The Ten-Column Work Sheet Five amount sections:  Trial Balance Section 1Identifying Accounts To Be Adjusted and Adjusting Merchandise Inventory (con’t.)  Adjustments  Adjusted Trial Balance  Income statement  Balance Sheet Completing Trial Balance Section Proves Equality of Debits and Credits in General Ledger Completing Trial Balance Section Proves Equality of Debits and Credits in General Ledger  enter number and name of each account  even ones with zero/


Section 3Preparing a Trial Balance What You’ll Learn  The purpose of a trial balance.  How to prepare a trial balance.  How to identify and locate trial.

Trial Balance What You’ll Learn  The purpose of a trial balance.  How to prepare a trial balance.  How to identify and locate trial balance errors. What You’ll Learn  The purpose of a trial balance.  How to prepare a trial balance.  How to identify and locate trial balance errors. Why It’s Important To present accurate financial statements, the accounts must be in balance. The purpose of a trial balance is to prove that the general ledger is in balance/


Chapter 10: Completing Quarterly Activities and Closing the Fiscal Year.

of 36 Peachtree’s Computer Accounting Cycle, p. 306 1. Change accounting periods. 2. Journalize entries. 3. Post entries to the general ledger. 4. Account reconciliation. 5. Print the general ledger trial balance (unadjusted). 6. Journalize and post adjusting entries. 7. Print the general ledger trial balance (adjusted). ©The McGraw-Hill Companies, Inc., 2004 6 of 36 Peachtree’s Computer Accounting Cycle (concluded), p. 306 8. Print depreciation/


POSTING JOURNAL ENTRIES TO GENERAL LEDGER ACCOUNTS Chapter 7.

 If the transaction is a credit, ADD the amounts Account Balances  Zero Balances  Indicated by a line through the normal balance side of the ledger Preparing a Trial Balance  Proving the ledger – Comparing the total debit balances with the total credit balances  Debits = Credits  Trial Balance – A list of all the account names and their current balance  A formal way to prove the ledger Finding and Correcting Errors  Transposition Error – Two digits are accidentally reversed/


Adjustments and the Ten-Column Work Sheet Making Accounting Relevant Financial data must be communicated properly before it can be used effectively. Making.

Sheet The ten-column work sheet has five amount sections:  Trial Balance Section 1Identifying Accounts To Be Adjusted and Adjusting Merchandise Inventory (contd.)  Adjustments  Adjusted Trial Balance  Income statement  Balance Sheet Completing the Trial Balance Section  To prepare the trial balance, the number and name of each account in the general ledger are entered on the work sheet in the Account Number and Account Name columns.  The accounts are listed in the order/


Work Sheets & Adjusting Entries. Lesson 6-1 The Trial Balance columns of your work sheet prove the accuracy of the posting you did in your general ledger.

Entries Lesson 6-1 The Trial Balance columns of your work sheet prove the accuracy of the posting you did in your general ledger. Every account is listed in the order they are found in the general ledger. Accounts without a balance are listed too. (They /to these four general ledger accounts, the account balances are now up to date and reflect how these accounts changed due what was used up during the month. Now the general ledger cards also show how much your insurance and supplies expenses are for /


BAF3M1 THE SIMPLE LEDGER Chapter 4, Section 4.1. Ledger Accounts  In this chapter, you will be learning the system used to maintain an up-to-date financial.

same. Only if the two column totals are the same can you consider your ledger work to be correct.  See ‘The Trial Balance’ handout Trial Balance out of balance  When the trial balance is out of balance, _____ ____________ ______ error has been made in the accounting process. It is the accountant’s job to find and correct these errors.  Errors may have been caused by faulty addition, by entering/


2 Learning Objectives After studying this chapter, you should be able to: [1] Explain what an account is and how it helps in the recording process. [2]

2-29 Illustration 2-30 LO 6 Trial Balance  Used to periodically test whether the General Ledger is in balance.  Consists of a listing of each account with its balance as of a specific date.  All Debit balances are in one column.  All Credit balances are in another column. LO 7 Prepare a trial balance and explain its purposes. Illustration 2-31 Trial Balance The trial balance may balance even when 1.a transaction is/


Accounting November 7, 2014 Begin Chapter 6 notes WT/OYO/Application for 6-1 and 6-2.

page 153 Name of Company 1 Name of Report 2 Date of Report 3 Preparing a Trial Balance on a Work Sheet Trial balance – A proof of equality of debits and credits in a general ledger Information for the trial balance is taken from the general ledger General ledger account titles are listed on a trial balance in the same order as the chart of accounts All the account titles are listed/


Posting Journal Entries to General Ledger Accounts

they are the same Trial Balance – the formal way of proving the ledger; it’s a list of all account names and their current balances If a trial balance is “out of balance” there is an error on the Journal, Ledger, or Trial Balance Sheet and must be found and corrected on any/all documents affected. Completed Trial Balance Pg 178 means that debits and credits were posted equally. Finding Errors A Trial Balance Sheet that is “in/


CHAPTER EIGHT The General Ledger McGraw-Hill/Irwin Accounting Fundamentals, 7/e © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved. 8-3 1.

, Inc., All Rights Reserved. 8-3 1. Post entries from a general journal to general ledger accounts. 2. Set up and arrange the general ledger accounts. 3. Complete the Balance columns of the general ledger accounts. 4. Correct errors in the general ledger. 5. Prepare a trial balance from the general ledger accounts. THE GENERAL LEDGER Objectives: McGraw-Hill/Irwin Accounting Fundamentals, 7/e © 2006 The McGraw-Hill Companies, Inc/


General Ledger and Reporting System

-to-run totals to verify the accuracy of journal voucher batch processing, i.e., account balance before entries, adjusted for total debits and credits entered, should equal balance after adjustments. THREATS IN THE GENERAL LEDGER AND REPORTING SYSTEM Reconciliations and control report Trial balances. Checking that clearing and suspense accounts have zero balances. Checking balances in control accounts against totals of subsidiary accounts. Examining transactions near year end for proper timing/


Analyzing and Recording Transactions Last Revised: 3/1/2011

financial statement until the books are in balance as determine by the trial balance. 2-40 Exercises 16 and 17 Six Steps for Searching for and Correcting Errors If the trial balance does not balance, the error(s) must be found and corrected. Make sure the trial balance columns are correctly added. Recompute each account balance in the ledger. Make sure account balances are correctly entered from the ledger. Verify that each journal entry is/


General Ledger Application Small Business Information System Barry Floyd.

errors found in the general ledger Output of Adjusting Entry Process Adjusted Trial Balance Statement Adjusted Trial Balance Statement Prepare Financial Statements Income statement Income statement Uses information from the revenue and expense account balances in the adjusted trial balance. Uses information from the revenue and expense account balances in the adjusted trial balance. Balance Sheet Balance Sheet Closing entries that zero out all revenue and expense accounts and transferring the net income or/


Journalizing Closing Entries

Business As you have learned, the accounting cycle for a merchandising business organized as a corporation consists of the following steps: Collect and verify source documents. Analyze each business transaction. Journalize each transaction. Post to the general and subsidiary ledgers. Prepare a trial balance. Complete a work sheet. Glencoe Accounting Unit 4 Chapter 20 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved. Posting/


 As a business grows, its ledger grows too—the number of accounts for ________________ (A/R) and __________________ (A/P) increases as the business expands.

? Whose responsibility is this? The clerk must continue to check for errors until the ledger and its control account have the same entries and are in balance. 21. Describe how to take off a subsidiary ledger trial balance. Add all the account balances in the subsidiary ledger then check to see that the total balances with the control account 22. There is a control aspect to the system of subsidiary/


Balance Day Adjustments

total debits equal total credits. Technically, this should have been titled a Pre-adjustment Trial Balance, as it prepared before any balance day adjustments have been recorded. However, balance day adjustments change the General Ledger accounts, after the Trial Balance has already been prepared; they increase certain expenses, decrease certain current assets, and increase certain current liabilities. This means it may be useful to prepare a Post-adjustment/


VCTA A Walk through the new exam format and the new aspects of Unit 3

of all credits Used as a tool for detecting errors Calculated by summing the balances of all the ledger accounts Prepared prior to the preparation of final reports Can a balanced trial balance still be incorrect? Omission of an entry A journal entry posted to the wrong ledger account Reversal of debit and credit entries Control Accounts Which areas do we have control accounts for? How do/


16-1 Chapter 16 General Ledger and Reporting System Copyright © 2012 Pearson Education, Inc. publishing as Prentice Hall 16-1.

adjustments. Copyright 2012 © Pearson Education, Inc. publishing as Prentice Hall 16-36 THREATS IN THE GENERAL LEDGER AND REPORTING SYSTEM  Reconciliations and control report  Trial balances.  Checking that clearing and suspense accounts have zero balances.  Checking balances in control accounts against totals of subsidiary accounts.  Examining transactions near year end for proper timing.  Listings of:  Journal vouchers by account number to identify cause of errors in a /


3-1 Intermediate Accounting 15th Edition 3 The Accounting Information System Kieso, Weygandt, and Warfield.

Journal Entries are recorded in the journal. 1. Journalizing LO 4 Record transactions in journals, post to ledger accounts, and prepare a trial balance. September 1: Stockholders invested $15,000 cash in the corporation in exchange for shares of stock. Illustration/ Cash 100,000100,000 DebitCredit Common Stock 2. Posting LO 4 Record transactions in journals, post to ledger accounts, and prepare a trial balance. 3-7 2. October 1: Pioneer Advertising purchases office equipment costing $50,000 by signing a /


Section 3: Preparing a Trial Balance Enduring Understandings: The trial balance is proof that total debits = total credits in the ledger. To error is human.

credits in the ledger. To error is human. Essential Questions: How do you prepare a trial balance? How do you find and correct errors in the trial balance? Section 3: Preparing a Trial Balance Objectives: Demonstrate how to prepare a trial balance. Analyze business transactions using prior knowledge of the four steps and the rules to debits and credits Journalize and post business transactions Section 3: Preparing a Trial Balance Objectives: Locate and identify journal entries/


© 2008 Prentice Hall Business Publishing Accounting Information Systems, 11/e Romney/Steinbart1 of 101 C HAPTER 14 General Ledger and Reporting System.

adjustments. © 2008 Prentice Hall Business Publishing Accounting Information Systems, 11/e Romney/Steinbart52 of 101 THREATS IN THE GENERAL LEDGER AND REPORTING SYSTEM Reconciliations and control report –Trial balances. –Checking that clearing and suspense accounts have zero balances. –Checking balances in control accounts against totals of subsidiary accounts. –Examining transactions near year end for proper timing. –Listings of: »Journal vouchers by account number to identify cause of errors/


A. F. Ferguson & Co. Training on Revised Accounting Manual and Computerised Application System May, 2011.

Cash Book Bank Book Journal Book Reports IUT Originated but not Responded IUT Letter Works Register Works Register Summary Project Status Report Ledgers General Ledger Subsidiary Ledger Trial Balance Trial Balance – Schedule Level Trial Balance – Group Level Trial Balance – General Ledger Level Final Accounts Income and Expenditure Account Balance Sheet Demonstration on FAS Hands-on Exercise on FAS Overview of Store Information System (SIS) - 45 - Abbreviations AcronymFull Form SISStore Information System/


Ads by Google