实用会计英语 第二版 高职高专会计与电算化会计类 李海红Chapter 7 Posting and Trial Balance.pptVIP

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-* POSTING AND TRIAL BALANCE CHAPTER 7 General Ledger Sales Ledger Purchase Ledger to avoid the posting errors 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. 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. let’s look at the example of George Ross Photocopy Company General Journal Credit Debit Post. Ref. Description Date 20XX Mar. 3 Cash George Ross, Capital Investment in business 111 311 $20,000 $20,000 Credit Debit Post. Ref. Description Date 20XX Mar. 6 Prepaid Rent Cash Paying the rent in advance 121 111 $4,800 $4,800