会计英语unit_4_Journals,_Ledgers__Trial_Balance教材教学课件.pptVIP

Unit 4 Journals, Ledgers Trial Balance ;The sequence of accounting procedures used to record, classify, and summarize accounting information is termed the accounting cycle. The accounting cycle begins with the initial recording business transactions and concludes with the preparation of formal financial statements.;Accounting Cycle;ⅠJournals;Transaction occurs;The journal records the following information for each transaction: (1)The transaction date (2)The names of the accounts debited and credited (3)An explanation of the transaction (4)The amounts debited and credited to each account; Procedures of recording; The following are transaction of Lyntette Muncy Law Firm during the month of May.;12 Paid for the office supplies on May 2.15 Completed legal work on credit $1,000.;25 Received $1,000 for the transaction on 15th.27 Owner Lynette withdrew $50 to pay her personal bill;31 Paid the telephone bill of the office $100.31 Paid the salary of the office secretary, $1,500.;Ⅱ. Ledgers;It is used to classify and summarize transactions and to prepare data for the financial statements.It is a valuable source of information for managerial purposes.;Ledger;The procedure of transferring the data in the general journal account to the general ledger account is called posting. Today, many business are equipped with computerized accounting system. Posting is done automatically by the computer after the transactions have been input to the computer.;1. Transfer the date of the transaction from the journal to the ledger. 2. Transfer the page number from the journal to the journal reference column of the ledger. 3. Post the debit amount from the journal as a debit figure in the ledger account, likewise the credit amount. 4. Enter the account number in the posting reference column of the journal once the figure has been posted to the ledger. ;Date;Ⅲ.Trial Balance;;The procedure to prepare the trial balance is as follows:;Sonya PharmacyTrial BalanceDecember 31,2009;