note 002 Double Entry SystemTrial Balance Financial account 财务会计 演示教学.ppt

;External Transactions occur between the organization and an outside party.;Analyze each transaction and event form source documents;LiabilitiesAccounts;Land;Liabilities;A T-account represents a ledger account and is a tool used to understand the effects of one or more transactions. ;Liabilities;Revenues;Double-Entry Accounting;Journalizing and Posting Transactions;Dollar amount of debits and credits;T-accounts are useful illustrations, but balance column ledger accounts are used in practice.;1;2;3;4;5;Enter the ledger reference.;Analyzing Transactions – An Illustration;Analyzing Transactions – An Illustration;Analyzing Transactions – An Illustration;Analyzing Transactions – An Illustration;Analyzing Transactions – An Illustration;After processing its remaining transactions for December, FastForward’s Trial Balance is prepared.;Searching for and Correcting Errors;Errors affecting Trial Balance;Errors not affecting Trial Balance;Using a Trial Balance to Prepare Financial Statements;Income Statement;Statement of Owner’s Equity;Balance Sheet;End of Lecture