The meaning of TRIAL BALANCE is a list of the debit and credit balances of accounts in a double-entry ledger at a given date prepared primarily to test their equality.
因为会计是accrual basis的，所以在期末要根据权责的转移做adjusting entry，简单说就是，虽然在当天没有交易发生，但是也要做帐。多数adjusting entry都是期末发生的。例如说，会计年度初2000年1月1日交了2400元保险费，保险的期限是两年，那么当支付的时候，当为一种资产确认在预付费用中，在期末2000年1...
A trial balance is a less formal document. There are no special conventions about how trial balances should be prepared, and they may be completed as often as a company needs them. A trial balance is often used as a tool to keep track of a company’s finances throughout the year, where...
Inaccounting, a record of theassetsand liabilities of a company made during anaccounting periodbefore any mistakes are corrected or any other adjustments (such asunearned revenueorprepaid expenses) are calculated. The unadjusted trial balance contrasts with theadjusting journal entry, which includes thes...
cash to begin the business Cash Account No.101 Date Item Post Ref Debit Credit Balance 2009 May 1 J.1 10,000 10,000 ①②③④ Procedures of recording Ⅲ.Trial Balance The aim of the trial balance is to make sure the for every debit entry, a corresponding credit entry has been made. ...
Cash is given in exchange for a piece of official paper—a stamp—which can be stuck onto a letter and entitle it to travel to its destination. When the accuracy of the book-keeping records is tested by extracting a trial balance, it is necessary to draw up a list of all the accounts...
It is now necessary to post all the books of original entry to the ledger and extract a trial balance. During any month, a wide range of transactions are recorded: (1) opening the books, with an opening journal entry; (2) recording a great many purchases, sales, purchases returns, and...
A trial balance extracted from a sole trader ’ s records failed to agree, and a suspense account was opened for the difference. Which of the following errors would require an entry in the suspense account to correct them? (1) Discount allowed was mistakenly debited to discount received accoun...
A trial balance is part of the accounting cycle. If the trial balance is equal, then the accountant or bookkeeper can proceed to the next step of the accounting process. But if a problem is discovered with the trial balance, finding the error is necessary in order to move forward in the...
6.Adjustedtrialbalance 1.Analyzingtransactions AccountingCycle 2.Makingjournals 3.Preparingledgers 5.Adjusting&closing 4.Trialbalance 3 ⅠJournals DefinitionofjournalFormofthejournalProceduresofrecordingActivities 4 Definitionofjournal Journalisthebookoforiginalentryofbusinesstransactionsrecordedinchronologicalorder.•...