Unit 4 The Accounting Cycle

dunklilman
Note by , created almost 6 years ago

4-1 source documents 4-2 accounting journals 4-3 t-accounts 4-4 trial balance 4-5 financial statements

31
1
0
Tags No tags specified
dunklilman
Created by dunklilman almost 6 years ago
How to Develop the Time Management Skills Essential to Succeeding in IB Courses
nina.stuer14
How to revise
KimberleyC
Basic English Grammar
cwilson218@gmail.com
Section 1 - Nature of Economics
Nikolas Reece
10 Ways to Improve Your Productivity
Rebecca Tarpey
Plant Structure and Photosynthesis
mckenziedev
Changing Urban Environments
John Ditchburn
What was the Cold War?
Emily Tisch
To Kill a Mockingbird Key Themes and Quotes
Matthew T
King Lear flash cards
Sophie Tilney

Page 1

4-1 source documentsinvoicereceiptdeposit slipcheck counterwhy source documents:first documents that exist relating to a transaction serve as proof for a transaction include data and time

Invoices: normally relate to credit transactions list goods or services provided and their prices Receipts: goods have been received Deposit slip: deposited in a bank account Check counterfoil: drawer (writer) keeps the check recorded to the transactions Statement: a report of showing the amount owed by one business to another details transactions between the two businesses 

4-5trial balance:     complete trial balances prior to creating financial shows profit or loss of business  includes income and expenses Accounting period

cash payments:  a statement report of flows both in and out of the business includes investing, operating, financing and net increase  

New Page