TAILIEUCHUNG - Lecture Accounting fundamentas (7e): Chapter 5 - Curran

Chapter 5 - The trial balance. After completing this chapter, students will be able to: Prepare a trial balance, locate accounting errors in the trial balance and ledger accounts, correct accounting errors in the trial balance and ledger accounts. | CHAPTER FIVE The Trial Balance 1. Prepare a trial balance. 2. Locate accounting errors in the trial balance and ledger accounts. 3. Correct accounting errors in the trial balance and ledger accounts. THE TRIAL BALANCE Objectives: 5- Preparing the Trial Balance The first step is to pencil foot each account. Next, list the accounts and their balances in pencil. Debits and credits are totaled. If total debits equal total credits the trial balance is in balance. 5- Finding Errors in the Trial Balance and the Accounts Total the trial balance columns again to make sure that the addition is correct. Check to see whether any account balance has been omitted from the trial balance. 5- Finding Errors in the Trial Balance and the Accounts (continued) Compare the figures on the trial balance with the account balances to verify that the correct amounts have been listed on the trial balance and that they were placed in the proper money columns. 5- Errors Not Revealed by the .

• Kế toán - Kiểm toán
• Accounting fundamentas
• Lecture Accounting fundamentas
• Nguyên lý kế toán
• Trial balance
• Accounting errors
• Accounting terminology
• Accounting for purchases
• Purchases discounts
• Freight in
• Accounting equation
• Balance sheet
• Principles of accounting
• Analyze business transactions
• Net income
• The worksheet
• Financial statements
• Business transactions
• Closing the ledger
• Closing entries
• Postclosing trial balance
• Accounting cycle
• Accounting for sales
• Sales discounts
• Sales returns
• Purchases journal
• Recording transactions
• Worksheet adjustments
• Uncollectible accounts
• Owner’s equity accounts
• Form of accounts
• Account balances
• Expense accounts
• Recording revenue
• Transaction analysis
• Income statement
• General journal
• Chart of accounts
• Business’s transactions
• General ledger
• Posting reference
• Correcting errors
• Merchandising businesses
• Charge account
• Cash discount
• Unpaid invoice file
• Purchases returns
• The sales journal
• Special journal
• Cash receipts journal
• Memorandum entry
• Cash payments journal
• Cash purchases
• Accounts receivable ledger
• Accounts receivable
• Statement of account
• Accounts payable ledger
• Schedule of accounts payable
• Notes payable
• Goods sold
• Cost of goods sold
• Ten column worksheet
• Classified balance sheet
• Adjusting entries
• Banking procedures
• Deposit slips
• Check stubs