PostingJournalEntriestotheLedgerAccounts.pptVIP

The Accounting Cycle Steps in Journalizing The Journal(日记账) Exercise Problem 1 on page 53. Posting Journal Entries to the Ledger Accounts Posting (过账) involves copying information from the journal to the ledger accounts. The Ledger(分类账) Chart of Accounts科目代码表 A official list of all the accounts and their account numbers The first digit indicates the major account classification The second digit indicates financial statement classification The third digit indicates detailed account classification Posting Sorting out and copying the information from the journal to the ledger account. Posting Journal Entries to the Ledger Accounts Posting Journal Entries to the Ledger Accounts Cross –reference 3) Insert the page number of the journal in the posting reference column of the ledger account 4) Insert the ledger account number in the posting reference column of the journal Example on page 45 Ledger Accounts After Posting Steps in Processing Transactions Exercise Problem 1 on page 53. End of Chapter 2 * Chapter 2 Accounting cycle (I): Journalizing posting and preparing Trial Balance 日记账,过账和试算平衡表 Accounting Cycle 会计循环 a sequence of accounting procedures which are repeated continuously during each accounting period. Accounting period /fiscal period: any span of time covering a complete accounting cycle E.g. a month ,a quarter or half a year, a year Fiscal year/accounting year: twelve consecutive months Journalize transactions. Post entries to the ledger accounts. Prepare trial balance. Complete a work sheet. Prepare financial statements. Prepare post-closing trial balance. Journalize and post closing entries. Journalize and post adjusting entries. Step 3: Record transactions in a journal. Step 1: Examine source documents. Liabilities Equity Assets = + Step 2: Analyze transactions. In an actual accounting system, transactions are initially recorded in the journal.( handout) The entire group of accounts is kept together in an accounting record called a gen