实用会计英语课件 Chapter 7 Posting and Trial Balance.pptVIP

尚辅网 尚辅网 Ledgers General Ledger Posting Posting General Journal General Journal General Journal General Journal Cash Cash George Ross, Capital Prepaid Rent Office Equipment Accounts Payable General Journal Photocopy Fees Earned $3,400 George Ross, Withdrawals Office Salary Expenses Trial Balance Trial Balance Errors Calculate a ledger account balance wrongly. Summarize the debits and credits of the trial balance wrongly. Errors in the journal entry Errors in posting entries from journals to ledgers Errors in transferring balances from the ledger to the trial balance Errors in the journal entry A wrong number in the journal entry Part of compound entry omitted Account omitted Errors in posting entries from journals to ledgers A wrong number in the journal entry Error in posting a debit or credit to the proper column Account omitted Errors in transferring balances A wrong number in the journal entry Error in transferring a debit or credit to the proper column Account omitted 7-* 尚辅网 POSTING AND TRIAL BALANCE CHAPTER 7 尚辅网 General Ledger Sales Ledger Purchase Ledger to avoid the posting errors 尚辅网 collection of the business’ accounts is used to classify and summarize transactions to prepare data for financial statements often takes the form of simple two-column T account. 尚辅网 The process of transferring transactions to the general ledger. Posting is usually done after several entries have been made, for example, at the end of the day, depending on the number of transactions. 尚辅网 let’s look at the example of George Ross Photocopy Company 尚辅网 General Journal Credit Debit Post. Ref. Description Date 20XX Mar. 3 Cash George Ross, Capital Investment in business 111 311 $20,000 $20,000 尚辅网 Credit Debit Post. Ref. Description Date 20XX Mar. 6 Prepaid Rent Cash Paying the rent in advance 121