Chapter Five 7 Words.

Slides:

Advertisements

Similar presentations

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-1 Preparing a Chart of Accounts.

Advertisements

LESSON 4-1 Preparing a Chart of Accounts

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-1 Preparing a Chart of Accounts 1.Describe the two parts of an account number. 2.List.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-2 Posting to an Accounts Receivable Ledger.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-2 Posting to an Accounts Receivable Ledger.

Chapter 6 Posting Ledger-A group of accounts. General Ledger-A ledger that contains all accounts needed to prepare financial statements. Posting-Transferring.

 Posting to a General Ledger.  Using Accounts and Preparing and Maintaining a Chart of Accounts.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-1 Preparing a Chart of Accounts.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 11-2 Posting to an Accounts Receivable Ledger.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-1 Preparing a Chart of Accounts.

LESSON 4-1 Preparing a Chart of Accounts A group of accounts Ledger.

Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO1Construct a chart of accounts for a service business organized as a proprietorship.

LESSON 4-1 Preparing a Chart of Accounts

Chapter 5-Posting to A General Ledger

1 Chapter 5 Posting from a General Journal to a General Ledger.

Posting to a General Ledger

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 8-3 Preparing a Post-Closing Trial Balance  General ledger accounts after posting.

LESSON 8-3 Preparing a Post-Closing Trial Balance

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 8-3 Preparing a Post-Closing Trial Balance.

LESSON 4-1 How do you prepare a chart of accounts?

PREPARING A CHART OF ACCOUNTS LESSON 4-1. GENERAL JOURNAL (CHAPTER 3) What does a General Journal accomplish in Accounting? What is a General Journal?

Define accounting terms related to posting from a journal to a general ledger. Define accounting terms related to posting from a journal to a general.

© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO5Post amounts from a general journal.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 16-3 Preparing a Post-Closing Trial Balance.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 8-3 Preparing a Post-Closing Trial Balance.

© 2000 South-Western Educational Publishing POST-CLOSING TRIAL BALANCE Write the heading. 2.Write titles of all general ledger accounts with balances.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 11-2 Posting to an Accounts Receivable Ledger.

Posting Separate Amounts from a Journal to a General Ledger POSTING TRANSFERRING INFORMATION FROM A JOURNAL ENTRY TO A LEDGER ACCOUNT POSTING.

LESSON 11-2 Posting to an Accounts Receivable Ledger.

Chapter 4 Posting from a General Journal to a General Ledger.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 8-3 Preparing a Post-Closing Trial Balance.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 8-3 Preparing a Post-Closing Trial Balance.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 4 Objectives: Define accounting terms related to posting from a general journal to.

Posting to an Accounts Receivable Ledger

LESSON 4-1 Preparing a Chart of Accounts

Post-Closing Trial Balance

Lesson 1-4 Preparing a Chart of Accounts

© 2014 Cengage Learning. All Rights Reserved.

POST-CLOSING TRIAL BALANCE

© 2014 Cengage Learning. All Rights Reserved.

LO2 Demonstrate correct principles for numbering accounts.

POSTING TO THE GENERAL LEDGER

© 2014 Cengage Learning. All Rights Reserved.

LESSON 4-1 Preparing a Chart of Accounts

LESSON 8-3 Preparing a Post-Closing Trial Balance

© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.

LESSON 8-3 Preparing a Post-Closing Trial Balance

LO5 Post amounts from a general journal.

Posting to a General Ledger

LESSON 8-3 Preparing a Post-Closing Trial Balance

Posting to an Accounts Receivable Ledger

Posting to a General Ledger

Chapter 5 – Posting to a General Ledger

LESSON 11-3 Posting from Journals to a General Ledger

LESSON 4-1 Preparing a Chart of Accounts

© 2014 Cengage Learning. All Rights Reserved.

LESSON 11-3 Posting from Journals to a General Ledger

LESSON 8-3 Preparing a Post-Closing Trial Balance

LESSON 11-1 Posting to an Accounts Payable Ledger

LESSON 11-3 Posting from Journals to a General Ledger

Posting to an Accounts Receivable Ledger

© 2014 Cengage Learning. All Rights Reserved.

LESSON 4-1 Preparing a Chart of Accounts

Posting to an Accounts Receivable Ledger

Posting to an Accounts Receivable Ledger

LESSON 8-3 Preparing a Post-Closing Trial Balance

Presentation transcript:

Chapter Five 7 Words

Ledger

A group of accounts

General Ledger

A ledger that contains all accounts needed to prepare financial statements

Account Number

The number assigned to an account

File Maintenance

The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current

Opening an Account

Writing an account title and number on the heading of an account

OPENING AN ACCOUNT IN A GENERAL LEDGER 1 2 1. Write the account title. 2. Write the account number. Lesson 5-1, page 99

Posting

Transferring information from a journal entry to a ledger account

Proving Cash

Comparing Cash balance with checkbook balance (they should equal!) (Can be done at any time)

Do you know? How to Create a Chart of Accounts? How to Post from the Journal to the ledger (4 steps) What a post reference number? how to add and subtract in a general ledger? How to prove cash?