Unit 4: The Accounting Cycle

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4-1. Source Documents 4-2. Journals 4-3. Ledger (T- Accounts) 4-4. Trial Balance 4-5. Financial Statments
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Note by leilani.caric, updated more than 1 year ago
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A source document is the original record containing the details to substantiate a transaction entered in an accounting system.

A journal will state the date of the transaction, which account(s) were affected and the amounts, usually in a double-entry bookkeeping method.

Financial statements are integral to ensuring accurate and honest accounting for businesses and individuals alike.

A trial balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system

Use this basic accounting ledger to ensure your debits and credits remain balanced. Conditional formatting allows you to easily pick out which transactions are unbalanced, even if you have many entries.

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Unit 4-1

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