1. LESSONG 3-4 Starting a New Journal Page
5/25/2018
LESSON 3-4
Starting a New Journal Page
Original created by M.C. McLaughlin, Thomson/South-Western
Modified by Deborah L. Burns, Johnston County Schools, West Johnston High School
GREEN

2. A COMPLETED JOURNAL PAGE
LESSONG 3-4
5/25/2018
A COMPLETED JOURNAL PAGE
page 74
A general journal page is complete when there is insufficient space to record any more entries.
LESSON 3-4
GREEN

3. STARTING A NEW GENERAL JOURNAL PAGE
LESSONG 3-4
5/25/2018
STARTING A NEW GENERAL JOURNAL PAGE
page 75
A new page is started by writing the page number to the space provided in the journal heading 2
LESSON 3-4
GREEN

4. STANDARD ACCOUNTING PRACTICES
LESSONG 3-4
5/25/2018
STANDARD ACCOUNTING PRACTICES
page 76
Errors are corrected in a way that does not cause doubts about what the correct information is.
Cancel the error by neatly drawing a line through the incorrect item. Write the correct item immediately above the canceled item 1
LESSON 3-4
GREEN

5. STANDARD ACCOUNTING PRACTICES
LESSONG 3-4
5/25/2018
STANDARD ACCOUNTING PRACTICES
page 76
Sometimes an entire entry is incorrect & is discovered before the next entry is journalized.
Draw neat lines through all parts of the incorrect entry
Journalize the entry correctly on the next blank lines 2
LESSON 3-4
GREEN

6. STANDARD ACCOUNTING PRACTICES
LESSONG 3-4
5/25/2018
STANDARD ACCOUNTING PRACTICES
page 76
If several correct entries are recorded after an incorrect entry is made:
Draw neat lines through all incorrect parts of the entry
Record the correct items on the same lines as the incorrect items, directly above the canceled parts 3
LESSON 3-4
GREEN

7. STANDARD ACCOUNTING PRACTICES
LESSONG 3-4
5/25/2018
STANDARD ACCOUNTING PRACTICES
page 76
Words in accounting records are written in full when space permits.
Words may be abbreviated only when space is limited
All items are written legibly 4
LESSON 3-4
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8. STANDARD ACCOUNTING PRACTICES
LESSONG 3-4
5/25/2018
STANDARD ACCOUNTING PRACTICES
page 76
Dollars & cents signs & decimal points are not used when writing amounts on ruled accounting paper
Sometimes a color tint or a heavy vertical rule is used on printed accounting paper to separate the dollars & cents columns 5
LESSON 3-4
GREEN

9. STANDARD ACCOUNTING PRACTICES
LESSONG 3-4
5/25/2018
STANDARD ACCOUNTING PRACTICES
page 76
Two zeros are written in the cents column when an amount is in even dollars
If the cents column is left blank doubts may arise later about the correct amount 6
LESSON 3-4
GREEN

10. STANDARD ACCOUNTING PRACTICES
LESSONG 3-4
5/25/2018
STANDARD ACCOUNTING PRACTICES
page 76
Neatness is very important in accounting records so that there is never any doubt about what information has been recorded
A ruler is used to draw lines
LESSON 3-4
GREEN