Unit 4: The Accounting Cycle

Description

4-1. Source Documents 4-2. Journals 4-3. Ledger (T- Accounts) 4-4. Trial Balance 4-5. Financial Statments
leilani.caric
Note by leilani.caric, updated more than 1 year ago
leilani.caric
Created by leilani.caric almost 11 years ago
86
1

Resource summary

Page 1

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.

# 1

#2

#3

#4

#5

Unit 4-1

Source Documents    

New Page

New Page

Show full summary Hide full summary

Similar

Geography Quiz - Tectonics
oscartaylor
Biology: B2.1, cells and simple cell transport; B2.2, tissues, organs and organ systems
Henry Kitchen
Aggression mind-map for A2 AQA Psychology
poeticjustice
Finance
pamelamossman
Girls' and Boys'Education - Catherine and Kaitlyn
catherine.dannib
Chemistry 3 Extracting Metals Core GCSE
Chloe Roberts
GCSE PHYSICS: Energy Transfer
magykman1998
computer systems and programming quiz
Molly Batch
Key word flashcards
I M Wilson
Data Types
Jacob Sedore
APUSH End-of-Year Cram Exam: Set 1
Nathaniel Rodriguez