Accounting 101
Accounting 101
Accounting 101
2nd Essay.
During the second half of this first quarter in Accounting, I have been taught; how to take the Adjustments and other key info and to apply this to the Journal and carry it over to complete the Ledger. After these have been completed I can take this info and use it to complete the Adjusting Entries, Un-Adjusted trial balance and complete the Post closing trial balance.
The Journalizing of all accounts , helps to keep a running tally on all of them. This info helps in tracking expenses and revenue. In the journal is all of the vital info to help finish the adjustments, closing entries and unadjusted trial balances. In the journal are all of the credits and debits of expenses, revenue, and depreciation.
On the Ledger are the trial balance, income statement, and the balance sheet. In the first three columns both the debit and credit sides should have an equal balance. In the last