1. Standard Accounting Practices

2. Do not cause doubt!! Errors are corrected in a way that does not cause doubt. Do not erase current or past entries – EVER. Draw a line neatly through the corrected item.

3. How to Draw Lines If the error before the next line in the journal is used, record the entry again in the new space after you have drawn a line neatly through the lines with errors. The new entry is written on the blank lines below the lines with errors if lines are available. New Entry DateAccount TitleDoc No DebitCredit Aug27Miscellaneous ExpenseC107000 Cash7000 27Utility ExpenseC107000 Cash7000

4. How to Draw Lines If the error is found later, draw neatly through the error, and correct by writing above the mistake. 2 0 0 00 Corrected existing entry DateAccount TitleDoc No DebitCredit Aug28SuppliesC11200 Cash2000 28Utility ExpenseC10700 Cash7000

5. How to Write Words are always written in full if space permits. Abbreviations are only used when space is limited. Write legibly.

6. How to Write Numbers & Lines Dollars and cents signs are NOT used when writing on accounting journal paper. Two zeros are always written in the cents column when an amount is in even dollars (500.00) A ruler is used when it is necessary to draw lines.

7. A New Page If there is not space in the journal to record the full entry, you must begin a new page. Partial journal entries are confusing!