1. The Journal and the Ledger4
Principles of Accounting, 4th edition

2. PowerPoint 29 Chapter 4, Unit 6
The Journal: Where Transactions Are
First Recorded (page 1) 2
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition

3. PowerPoint 29 Chapter 4, Unit 6
The Journal: Where Transactions Are
First Recorded (page 2)
Transactions are first recorded chronologically in the journal.
The journal contains a complete record of each transaction: date, account debited and amount, account credited and amount, and explanation.
Journals may be completed manually in the form of a book.
Journals may be completed using a computer and take the form of a computer file. 3
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition

4. PowerPoint 30 Chapter 4, Unit 7
Posting to the Ledger (page 1) 4
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition

5. PowerPoint 30 Chapter 4, Unit 7
Posting to the Ledger (page 2)
The ledger is a group of accounts.
Each account contains a complete, up-to-date record of all transactions affecting only that particular account.
The ledger may be a manually prepared paper record or a set of files in a computer system.
Posting is the process of transferring information to the ledger from the journal. 5
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition

6. PowerPoint 31 Chapter 4, Unit 7
Balance-Column Form of Ledger Account (page 1)
Cash
Nov.
Bal. 1 3 5
2000 75
100
2175
1825 6
150
200
350 6
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition

7. PowerPoint 31 Chapter 4, Unit 7
Balance-Column Form of Ledger Account (page 2)
The balance-column form of account provides a balance after each transaction.
The DR/CR column indicates whether the balance is a debit or a credit.
There is less chance of error in the balance-column form of account than in a T-account. 7
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition

8. PowerPoint 32 Chapter 4, Unit 7
Determining Account Balances (page 1)
Cash
Oct. 1 4 5
2500 2 7
1100
550 8
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition

9. PowerPoint 32 Chapter 4, Unit 7
Determining Account Balances (page 2) 9
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition

10. PowerPoint 33 Chapter 4, Unit 7
Introducing the Accounting Cycle 10
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition

11. PowerPoint 34 Chapter 4, Unit 8
Source Documents and the Principle of Objectivity 11
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition

12. PowerPoint 35 Chapter 4, Unit 8
Main Menu
Sage Simply Accounting Software
Used with permission of Sage Software, Inc. © 2012 Sage Software, Inc. All rights reserved. 12
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition

13. PowerPoint 36 Chapter 4, Unit 8
General Journal Entry Form
Sage Simply Accounting Software
Used with permission of Sage Software, Inc. © 2012 Sage Software, Inc. All rights reserved. 13
Principles of Accounting, 4th edition
Principles of Accounting, 4th edition