2 McGraw-Hill 2009 The McGraw-Hill Companies, Inc. All rights reserved. Chapter 4 The General Journal and the General Ledger Section 1: The General Journal Section Objectives 1. Record transactions in the general journal. 2. Prepare compound journal entries.
3 4-3 The Accounting Cycle Step 1 Analyze transactions Step 2 Journalize the data about transactions Step 3 Post the data about transactions Step 4 Prepare a worksheet Step 5 Prepare financial statements Step 9 Interpret the financial information Step 8 Prepare a postclosing trial balance Step 7 Record closing entries Step 6 Record adjusting entries
4 4-4 Objective 1 Record transactions in the general journal Journal A journal is a diary of business activities. There are different types of journals. Transactions are entered in the journal in chronological order.
5 GENERAL JOURNAL PAGE Nov. 6 Cash Jason Taylor, Capital 90, , Enter the account to be debited. Enter the amount on the same line in the Debit column. Enter the account to be credited. Enter the amount on the same line in the Credit column. 4-5
6 GENERAL JOURNAL PAGE Nov. 6 Cash 90, Jason Taylor, Capital 90, Investment by owner, Memo 01 Then enter a complete but concise description of the transaction. Whenever possible, the journal entry should refer to the source of the information. Document numbers are part of the audit trail. 4-6
7 4-7 Recording a Business Transaction 1. Analyze the financial event. Identify the accounts affected. Classify the accounts affected. Determine the amount of increase or decrease for each account affected. 2. Apply the rules of debit and credit. a. Which account is debited? For what amount? b. Which account is credited? For what amount? 3. Make the entry in T-account form. 4. Record the complete entry in general journal form.
8 4-8 GENERAL JOURNAL PAGE Cash Investment by Owner On November 6 Jason Taylor withdrew $90,000 from personal savings and deposited it in a new business checking account for JT s Consulting Services. Nov. 6 Cash 90, Jason Taylor, Capital 90, (Investment by owner)
9 4-9 Cash Purchase of Equipment On November 7 JT s Consulting Services issued Check 1001 for $10,000 to purchase a computer and other equipment. GENERAL JOURNAL PAGE 1 Nov. 7 Equipment 10, Cash 10, (Purchased equip., Check 1001)
10 Credit Purchase of Equipment On November 10, JT s Consulting Services purchased office equipment on account for $12,000. GENERAL JOURNAL PAGE 1 Nov. 10 Equipment 12, Accounts Payable 12, Purchased equipment on account from Office Plus, Inv. 2223, due in 60 days 4-10
11 4-11 Cash Purchase of Supplies On November 28, JT s Consulting Services purchased supplies for $3,000, Check GENERAL JOURNAL PAGE 1 Nov. 28 Supplies 3, Cash 3, (Purchased supplies, Ck. 1002)
12 4-12 Payment to a Creditor On November 30 JT s Consulting Services paid Office Plus $5,000 in partial payment of Invoice 2223, Check GENERAL JOURNAL PAGE 1 Nov. 30 Accounts Payable 5, Cash 5, Paid on account, Office Plus, Invoice 2223, Check 1003
13 4-13 Recording Prepaid Rent On November 30, JT s Consulting Services wrote Check 1004 for $7,000 to prepay rent for December and January. GENERAL JOURNAL PAGE 1 Nov. 30 Prepaid Rent 7, Cash 7, Paid Dec. and Jan. rent in advance; Check 1004
14 Services performed for cash. JT s Consulting performed services for $26,000 in cash. GENERAL JOURNAL PAGE Dec. 31 Cash 26, Fees Income 26, Performed services for cash 4-14
15 4-15 Performed services on account. JT s Consulting performed services on account for $9,000. GENERAL JOURNAL PAGE 2 Dec. 31 Accounts Receivable 9, Fees Income 9, Performed services on credit
16 4-16 Received Cash From Credit Clients Received $4,000 in cash from a credit client on account. GENERAL JOURNAL PAGE 2 Dec. 31 Cash 4, Accounts Receivable 4, Received cash from credit clients on account
17 4-17 Paid Salaries Paid $7,000 for salaries. GENERAL JOURNAL PAGE 2 Dec. 31 Salaries Expense 7, Cash 7, Paid monthly salaries to employees, Check
18 4-18 Paid Utility Bill JT s consulting paid $500 in cash for a utility bill. GENERAL JOURNAL PAGE 2 Dec. 31 Utilities Expense Cash Paid monthly bill for utilities, Check 1007
19 4-19 Owner s Withdrawal The owner, Jason Taylor, withdrew $4,000 from the company. GENERAL JOURNAL PAGE 2 Dec. 31 Jason Taylor, Drawing 4, Cash 4, Owner withdrew cash for personal expenses, Check 1008
20 McGraw-Hill 2009 The McGraw-Hill Companies, Inc. All rights reserved. Chapter 4 The General Journal and the General Ledger Section 2: The General Ledger Section Objectives 3. Post journal entries to general ledger accounts. 4. Correct errors made in the journal or ledger.
21 4-21 Ledgers The ledger contains a separate form for each account. The third step of the accounting cycle is posting to the ledger.
22 4-22 QUESTION: What is posting? ANSWER: Posting is the process of transferring data from a journal to a ledger.
23 4-23 The Accounting Cycle Step 1 Analyze transactions Step 2 Journalize the data about transactions Step 3 Post the data about transactions Step 4 Prepare a worksheet Step 5 Prepare financial statements Step 9 Interpret the financial information Step 8 Prepare a postclosing trial balance Step 7 Record closing entries Step 6 Record adjusting entries
24 4-24 Ledger Account Forms On the ledger account form shown below, notice the: Account name and number Columns for date, description, and posting reference Columns for debit, credit, debit balance, and credit balance ACCOUNT CASH ACCOUNT NO. 101 POST. BALANCE DATE DESCRIPTION DEBIT CREDIT DEBIT CREDIT 2010 Nov. 6 J1 90, ,000.00
25 4-25 Objective 3 Post journal entries to general ledger accounts Five Steps for Posting 1. On the ledger form, enter the date of the transaction. Enter a description of the entry, if necessary. Usually, routine entries do not require descriptions. 2. On the ledger form, enter the general journal page in the Posting Reference column. 3. On the ledger form, enter the debit amount in the Debit column or the credit amount in the Credit column. 4. On the ledger form, compute the balance and enter it in the Debit Balance column or the Credit Balance column. 5. On the general journal, enter the ledger account number in the Posting Reference column.
26 4-26 Step 1: On the ledger form, enter the date of the transaction. Enter a description of the entry, if necessary. Usually, routine entries do not require descriptions. GENERAL JOURNAL PAGE Nov. 7 Equipment 10, Cash 10, Purchased equipment Check 1001 ACCOUNT Equipment ACCOUNT NO. 141 POST. BALANCE DATE DESCRIPTION DEBIT CREDIT DEBIT CREDIT 2010 Nov. 7 J1 10, ,000.00
27 4-27 Step 2: On the ledger form, enter the general journal page in the Posting Reference column. The letter J refers to the general journal. GENERAL JOURNAL PAGE Nov. 7 Equipment 10, Cash 10, Purchased equipment Check 1001 ACCOUNT Equipment ACCOUNT NO. 141 POST. BALANCE DATE DESCRIPTION DEBIT CREDIT DEBIT CREDIT 2010 Nov. 7 J1 10, ,000.00
28 4-28 Step 3: On the ledger form, enter the debit amount in the Debit column or the credit amount in the Credit column. GENERAL JOURNAL PAGE Nov. 7 Equipment 10, Cash 10, Purchased equipment Check 1001 ACCOUNT Equipment ACCOUNT NO. 141 POST. BALANCE DATE DESCRIPTION DEBIT CREDIT DEBIT CREDIT 2010 Nov. 7 J1 10, ,000.00
29 4-29 Step 4: On the ledger form, compute the balance and enter it in the Debit Balance column or the Credit Balance column. GENERAL JOURNAL PAGE Nov. 7 Equipment 10, Cash 10, Purchased equipment Check 1001 ACCOUNT Equipment ACCOUNT NO. 141 POST. BALANCE DATE DESCRIPTION DEBIT CREDIT DEBIT CREDIT 2010 Nov. 7 J1 10, ,000.00
30 4-30 Step 5: On the general journal, enter the ledger account number in the Posting Reference column. GENERAL JOURNAL PAGE Nov. 7 Equipment , Cash 10, Purchased equipment Check 1001 ACCOUNT Equipment ACCOUNT NO. 141 POST. BALANCE DATE DESCRIPTION DEBIT CREDIT DEBIT CREDIT 2010 Nov. 7 J1 10, ,000.00
31 General Ledger Accounts In the general ledger accounts, the balance sheet accounts appear first and are followed by the income statement accounts. The order is: Assets Liabilities Owner s equity Revenue Expenses This order of accounts speeds the preparation of the trial balance and the financial statements. 4-31
32 Objective 4 Correct errors made in the journal or ledger 4-32 Journal and Ledger Errors Sometimes errors are made when recording transactions in the journal. The method used to correct an error depends on whether or not the journal entry has been posted to the ledger.
33 4-33 Correcting Journal and Ledger Errors If an error is discovered before the entry is posted, neatly cross out the incorrect item and write the correct data above it. To ensure honesty and provide a clear audit trail, erasures are not made in the journal.
34 4-34 Before Posting On September 1 an automobile repair shop purchased some shop equipment for $9,000 in cash. By mistake the journal entry debited the Office Equipment account rather than the Shop Equipment account.
35 4-35 Before Posting GENERAL JOURNAL PAGE Shop Equipment Sept. 1 Office Equipment 9, Cash 9, Purchased equipment Check 2141 The accountant would neatly cross out Office Equipment and write Shop Equipment above it. The correct account Shop Equipment would be posted to the ledger in the usual manner.
36 4-36 Correcting Journal and Ledger Errors If the error is discovered after posting, a correcting entry a journal entry made to correct the erroneous entry is journalized and posted. Do not erase or change the journal entry or the postings in the ledger accounts. Note that erasures are never permitted in the journal or ledger.
37 4-37 After Posting On September 1 an automobile repair shop debited Office Equipment rather than Shop Equipment for $9,000 by mistake. The debit was posted to the Office Equipment account in the general ledger. A correcting journal entry must be journalized and posted.
38 After Posting GENERAL JOURNAL PAGE Sept. 1 Office Equipment 141 9, Cash 101 9, Purchased equipment Check 2141 This erroneous journal entry was posted to the general ledger. 4-38
39 After Posting GENERAL JOURNAL PAGE Oct. 1 Shop Equipment 151 9, Office Equipment 141 9, To correct error made on Sept. 1 when a purchase of shop equipment was recorded as office equipment The correcting journal entry debits Shop Equipment and credits Office Equipment for $9,000. The entry transfers $9,000 out of the Office Equipment and into the Shop Equipment account. 4-39
40 4-40 Thank You for using College Accounting, 12 th Edition Price Haddock Farina
6-1 McGraw-Hill 2009 The McGraw-Hill Companies, Inc. All rights reserved. Chapter Closing Entries and the Postclosing Trial Balance 6 Section 1: Closing Entries Section Objectives 1. Journalize and post
Vol. 1, Chapter 3 - Accounting Adjustments Problem 1 1. ($20,000 2,000) 48 = $375 per month 2. Jan. 31 Depreciation Expense $375 Accumulated Depreciation Van $375 To record depreciation expense for January
3 CHAPTER Debits and Credits As you learned in the last chapter, accountants use the accounting equation to analyze a firm s transactions and determine the effects of those transactions on the firm s assets,
Chapter 6: Closing Entries and the Postclosing Trial Chapter Opener: Thinking Critically Students should recognize that financial statements can be used to evaluate net profit or loss, return on investments,
CHAPTER 3 Accounting Cycle Analyze and record the transactions Post the transactions and prepare trial balance Adjust the accounts and prepare trial balance Prepare the financial statements Close the accounts
ACCT1115 Review Package - Midterm SOLUTION Fall 2013 Part I Multiple Choice 1) How should you record the purchase of an expensive automobile? a) Decrease cash, increase assets b) Decrease cash, increase
CHAPTER FOUR SE4-2 Revenue recognition a. Recognize revenue from car sales for 12,000. Notes receivable $12,000 Sales revenue $12,000 b. Do not recognize revenue until steel is shipped. c. Do not recognize
CHAPTER 4 Adjusting the accounts and preparing financial statements CONTENTS Demonstration problem 4.1 Adjusting entries and corrections 4.2 Adjusting centries and effect on financial statements 4.3 Adjusting
Self-test Comprehensive Problems II 综 合 自 测 题 II Part One (30%) 1. Give the Chinese/English of the following terms: (5%) subsidiary ledger 统 制 账 户 purchase requisition 现 金 溢 缺 petty cash fund 永 续 盘 存 制
Unit 2 The Basic Accounting Cycle Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Business Transactions and the Accounting Equation Transactions That Affect Assets, Liabilities, and
2 T Accounts, Debits and Credits, Trial Balance, and Financial Statements DEMONSTRATION PROBLEM maintains an office for the practice of veterinary medicine. The account balances as of September 1 are given
1 Chapter 4 Completing the accounting cycle 2 Learning objectives 1. Prepare an accounting worksheet and describe its purpose 2. Prepare a classified balance sheet and explain the major headings 3. Explain
TRANSACTIONS ANALYSIS EXAMPLE Maxwell Partners Medical Diagnostic Services report the following information for 2011, their first year of operations: 1. Billings to clients for services provided: $350,000
BAT 4M: Chapter 3 ANSWERS TO QUESTIONS 01. (a) Under the time period assumption, an accountant is required to determine the relevance of each business transaction to specific accounting periods, and its
Learning Goal 5: Prepare Adjusting Entries for s S1 Learning Goal 5 Multiple Choice 1. b To record the supplies used up. 2. d To record the amount of revenue earned as time passes. 3. d 4. d Debit an expense,
Questions and Answers 1. List and describe the major steps in the accounting cycle. 2. In accounting, debit and credit have specific meanings. What are they? 3. You overheard one of your friends telling
Section 2: The Bookkeeping Process Dermott Crofton firstname.lastname@example.org 1 This Section of the Course Bookkeeping Process Double Entry Bookkeeping Rules of Debits and Credits The T-Account Representing transactions
CHAPTER 5 Accounting for Merchandising Operations ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems *1. Identify the differences between service
NCEA Level 2 Accounting (91176) 2013 Page 1 of 7 Assessment Schedule 2013 Accounting: Prepare financial information for an entity that operates accounting subsystems (91176) Evidence Part A Question One
12-1 McGraw-Hill 2007 The McGraw-Hill Companies, Inc. All rights reserved. Chapter Accruals, Deferrals, 12 and the Worksheet Section 1: Calculating and Recording Adjustments Section Objectives 1. Determine
7-1 McGraw-Hill 2009 The McGraw-Hill Companies, Inc. All rights reserved. Chapter 7 Accounting for Sales and Accounts Receivable Section 1: Merchandise Sales Section Objectives 1. Record credit sales in
Fundamentals of Financial Accounting CHAPTER I Accounting in action. What is accounting? Accounting is the recording of financial transactions plus storing, sorting, retrieving, summarizing, and presenting
CHAPTER Review of a Company s Accounting System Objectives After careful study of this chapter, you will be able to: 1. Understand the components of an accounting system. 2. Know the major steps in the
Accounting Concept: A source document is prepared for each transaction Objective Evidence Accounting Concept: Business transactions are stated in numbers that have common values; that is, using a common
Page 1 of 27 Module 3: Adjusting the accounts, preparing the statements, and completing the accounting cycle Overview In Module 2 you studied the fundamental steps in recording accounting information by
Accounting Self Study Guide for Staff of Micro Finance Institutions LESSON 5 Summarizing Changes in Financial Position OBJECTIVES The purpose of this lesson is to show how to summarize the transactions
Chapter 4: Accounting Records Structure and terminology of Double Entry Bookkeeping The T account records the effect of transactions under one accounting aspect two opposite effects possible, e.g. inflows
Drill 1-D1 Classifying assets, liabilities, and owner s equity Classify each item listed below as an asset, liability, or owner s equity by placing a check mark in the Asset, Liability, or Owner s Equity
Chapter 2 Processing accounting information This chapter covers briefly the following topics: Double entry bookkeeping and ledger accounts The debit and credit rules Recording transactions Balancing off
Accounting 1 Semester 1 Final Exam Review Practice True/False Indicate whether the sentence or statement is true or false. 1. Accounting is the language of business. 2. The relationship among assets, liabilities,
Asset Accounts: Cash - includes money and any medium of exchange that a bank accepts at face value Accounts Receivable - a record of an oral or implied promise of future cash receipts in exchange for goods
Chapter 5 Accounting for Merchandising Operations Purchase Transactions Purchaser records goods at cost. When goods are returned, purchaser reduces Inventory. On September 5, De La Hoya Company buys merchandise
THE BASIC MODEL The accounting information system is designed to collect and organize data into information that is useful for stakeholders. The Accounting Equation The basic accounting equation is what
Name Baseline Assessment Date Accounting 1 Part 1: Instructions: Place a check mark under the column for each account to determine which Financial the accounts belongs on. Financial Information 1. Cash
NEW YORK STATE ASSOCIATION FUTURE BUSINESS LEADERS OF AMERICA SPRING DISTRICT MEETING ACCOUNTING I 2010 TEST DIRECTIONS 1. Complete the information requested on the answer sheet. PRINT your name on the
Course Schedule Course Modules Review and Practice Exam Preparation Resources Module 3: Adjusting the accounts, preparing the statements, and completing the accounting cycle Overview In Module 2 you studied
C H A P T E R 4 The Work Sheet and the Closing Process A systematic approach is essential for efficient and accurate processing of large amounts of information. Whether work sheets are on paper or computerized,
9-1 McGraw-Hill 2009 The McGraw-Hill Companies, Inc. All rights reserved. Cash Receipts, Cash Payments, and Banking Procedures Section 1: Cash Receipts Section Objectives 1. Record cash receipts in a cash
NEW YORK STATE ASSOCIATION FUTURE BUSINESS LEADERS OF AMERICA SPRING DISTRICT MEETING ACCOUNTING II 2010 TEST DIRECTIONS 1. Complete the information requested on the answer sheet. PRINT your name on the
CHAPTER 2 THE RECORDING PROCESS sg st SUMMARY OF QUESTIONS BY STUDY OBJECTIVES AND BLOOM S TAXONOMY Item SO BT Item SO BT Item SO BT Item SO BT Item SO BT True-False Statements 1. 1 K 9. 2 K 17. 3 K 25.
Chapter 4 Do it! Susan Elbe is preparing a worksheet. Explain to Susan how she should extend the following adjusted trial balance accounts to the financial statement columns of the worksheet. Cash Accumulated
Work4Me I Accounting Simulations 3 rd Web-Based Edition Demonstration Problem Classic Accounting Services, Incorporated Page 1 Problem 1 Demonstration Problem The Work4Me problems begin with a hands-on,
Chapter 3: Double-Entry Bookkeeping Double-entry bookkeeping underpins accounting A way of systematically recording the financial transactions of a company so that each transaction is recorded twice. Basic
1 STUDENT HANDBOOK FOR FINDING AND CORRECTING ERRORS FINDING ERRORS To assure the accuracy of accounting records, care should be taken when transactions are recorded and posted and financial statements
PREPARING THE STATEMENT OF CASH FLOWS: THE INDIRECT METHOD OF REPORTING CASH FLOWS FROM OPERATING ACTIVITIES The work sheet method described in the text book is not the recommended approach. We will provide
Gold Run Snowmobile 5 th Edition Adjusting Entries and Closing Entries For The Quarter Ended December 31 and the Final Project Evaluation Page 1 ADJUSTING ENTRIES FOR THE QUARTER Using a copy of the December
Basic Accounting Principles Basic Accounting Model The basic accounting model represents the relationship between assets (what the company owns), liabilities (what the company owes), and owner s equity
ILLUSTRATION 3-1 DOUBLE-ENTRY ACCOUNTING SYSTEM ASSETS Increase Decrease + DOUBLE-ENTRY ACCOUNTING REAL (PERMANENT) ACCOUNTS = LIABILITIES + Rules of Thumb + If the "normal balance" for an account is a
The Double-Entry System EFFECTS OF TRANSACTIONS ON THE BALANCE SHEET 2001 Richard S. Barr Transaction: Any event that affects the entity's financial position and requires recording Every accounting transaction
Appendix A Review of Accounting Principles Appendix A is a review of basic accounting principles and procedures. Standard accounting procedures are based on the double-entry system. This means that each
Journalizing Transactions Created 2009 By Michael Worthington Elizabeth City State University Lela Peterson transferred cash from a personal bank account to the account used for the business Entity states
1 Chapter 3 Adjusting the accounts Appendix 3A: An alternative method of recording deferrals 2 Learning objectives 1. Prepare adjusting entries for prepaid expenses originally recorded in an expense account
Adjusting and Closing Entries Adjusting and Closing entries tend to be difficult to grasp at first. A reason for this might be due to the type of transactions requiring adjustment, which tend to be unfamiliar.
Chapter 1~3 Important formulas Assets=Liabilities + Owner s Equity An expansion: Owner s Equity= Owner s Capital (Investments) Drawings + Profit OR Loss [Note: Owner s capital includes investments by the
ACC 211/212: Double Entry Logs Journal Entries: o Credits are always indented (account name and value). o The sum of debits will always equal the sum of credits. o The month name is required only for the
Accounting I Lesson Plan Name: Terry Wilhelmi Day/Date: Topic: Work Sheet for a Service Business Unit: Chapter 8 I. Objective(s): By the end of today s lesson, the student will be able to: define accounting
pri639_ch03_053-088.qxd 9/7/3 4:54 PM Page 53 Analyzing Business Transactions Using T Accounts Chapter 3 When Alexander Graham Bell invented the telephone in 876, and gave birth to www.att.com the company
Century 21 Accounting, 8e General Journal Chapter Outlines PART 1 Chapter 1 ACCOUNTING FOR A SERVICE BUSINESS ORGANIZED AS A PROPRIETORSHIP Starting A Proprietorship: Changes that Affect the Accounting
CHAPTER 12 ACCRUALS, DEFERRALS, AND THE WORKSHEET Chapter Opener: Thinking Critically Students may assess that an unexpected decline in sales would mean surplus inventory which would have to be reduced
Accrual Accounting Process 15.501 Accounting Spring 2004 Professor S. Roychowdhury Sloan School of Management Massachusetts Institute of Technology Feb 17/18, 2004 1 An accountant s functions include Classifying
8658d_c03.qxd 11/4/02 11:11 AM Page 61 mac62 mac62:1st Shift: 3 CHAPTER The Accounting Information System eeded: A Reliable Information System N Maintaining a set of accounting records is not optional.
Unit 7 ACCOUNTING LIFEPAC 7 ADJUSTING & CLOSING ENTRIES CONTENTS I. ADJUSTING ENTRIES.............................. 3 The Purpose of the Worksheet....................... 3 The Need for Adjustments..........................
Carroll_CH03_023-040.qxd 8/10/06 4:37 PM Page 23 CHAPTER 3 Preparing Financial Statements OBJECTIVES F After reading this chapter, the student should be able to: 1. Describe the general process by which
Source Document : RECORDING OF TRANSACTIONS (JOURNAL ENTRIES, LEDGER AND TRIAL BALANCE) A document which provides evidence of the transactions is called the Source Document such as Cash memo, Invoice etc.
ACCOUNTING 30S WORKSHEET ON ADJUSTING ENTRIES Put on your thinking caps and sharpen your pencils boys and girls it's time to practice with adjusting entries! 1. Give in general journal form the year-end
Financial Statement Consolidation We will consolidate the previously completed worksheets in this financial plan. In order to complete this section of the plan, you must have already completed all of the
CHAPTER 3 THE ACCOUNTING INFORMATION SYSTEM OVERVIEW Accounting information must be accumulated and summarized before it can be communicated and analysed. In this chapter, we will discuss the steps involved
CENTURY 21 ACCOUNTING, 8e General Journal Chapter Objectives Chapter 1 Starting A Proprietorship: Changes that Affect the Accounting Equation After studying Chapter 1, you will be able to: 1. Define accounting
HOSP 1210 (Financial Acct) Learning Centre Adjusting the Accounts Anytime we prepare financial statements or reach the end of an accounting period, there are account adjustments that need to be made to
Web Appendix A The Merchandising Work Sheet and Closing Entries This appendix shows how to prepare the work sheet and closing entries for merchandising companies. The work sheet for a merchandising company
EXERCISES Ex. 2 1 Balance Sheet Accounts Assets Flight Equipment Purchase Deposits for Flight Equipment a Spare Parts and Supplies Liabilities Accounts Payable Air Traffic Liability b Stockholders Equity
Chapter 3 Accrual accounting concepts PowerPoint presentation by Anne Abraham University of Wollongong 2009 John Wiley & Sons Australia, Ltd ACCRUAL VERSUS CASH BASIS OF ACCOUNTING Accrual-based accounting
Introductory Accounting - Accounting to Trial Balance Chapter 4: Transactions to General Ledger Chapter Review Solutions 2. Invoice: A bill charging a customer for goods supplied or service provided on
BAFS Compulsory Part Introduction to Accounting : Technology Education Section Curriculum Development Institute Education Bureau, HKSARG April 2009 1 Beauty Full Co. 2 BAFS Compulsory Part 3 BAFS Compulsory
PowerPoint to accompany Chapter 8 Accounting Information Systems Learning Objectives 1. Describe an effective accounting information system 2. Understand both computerised and manual accounting systems
Name: Audit Report September 1-14 Foreign Exchange Translation Service 1. Number of debits made to 2. Number of credits made to 3. Number of debits made to IVIiscellaneous Expense 4. Total debit or credit