TAILIEUCHUNG - Lecture Accounting fundamentas (7e): Chapter 23 - Curran

Chapter 23 - Adjusting and closing the general ledger. After completing this chapter, students will be able to: Journalize adjusting and closing entries, post the adjusting and closing entries, prepare a postclosing trial balance. | CHAPTER TWENTY THREE ADJUSTING AND CLOSING THE GENERAL LEDGER 1. Journalize adjusting and closing entries. 2. Post the adjusting and closing entries. 3. Prepare a postclosing trial balance. ADJUSTING AND CLOSING THE GENERAL LEDGER Objectives: 23- Recording the Adjusting Entries Adjusting entries are recorded in the general journal. The amounts are obtained from the Adjustments section of the worksheet. 23- Recording the Adjusting Entries (continued) 23- Recording the Adjusting Entries (continued) 23- Recording the Adjusting Entries (continued) 23- Recording the Adjusting Entries (continued) 23- Recording the Closing Entries After the adjusting entries are posted, closing entries must be recorded. These entries reduce the balances of the temporary accounts to zero and transfer the results of operations to the capital account. 23- Recording the Closing Entries (continued) The first step is to close the revenue and other temporary accounts with credit .

• Kế toán - Kiểm toán
• Accounting fundamentas
• Lecture Accounting fundamentas
• Nguyên lý kế toán
• General ledger
• Closing entries
• Adjusting entries
• 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
• 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
• 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
• Banking procedures
• Deposit slips
• Check stubs