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    Journal, Ledger and Trial Balance

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    ari purnomo
    The document discusses journal entries, ledgers, and trial balances. It defines each term and explains their purpose and basic format. Journal entries record transactions chronologically with debit and credit amounts. Ledgers summarize journal entries by account. Trial balances check that total debits equal total credits.

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    © All Rights Reserved
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    Journal, Ledger and Trial Balance

    Uploaded by

    ari purnomo
    173 views12 pages
    The document discusses journal entries, ledgers, and trial balances. It defines each term and explains their purpose and basic format. Journal entries record transactions chronologically with debit and credit amounts. Ledgers summarize journal entries by account. Trial balances check that total debits equal total credits.

    Original Description:

    contoh presentasi jurnal, ledger dan trial balance

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    The document discusses journal entries, ledgers, and trial balances. It defines each term and explains their purpose and basic format. Journal entries record transactions chronologically with debit and credit amounts. Ledgers summarize journal entries by account. Trial balances check that total debits equal total credits.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    173 views12 pages

    Journal, Ledger and Trial Balance

    Uploaded by

    ari purnomo
    The document discusses journal entries, ledgers, and trial balances. It defines each term and explains their purpose and basic format. Journal entries record transactions chronologically with debit and credit amounts. Ledgers summarize journal entries by account. Trial balances check that total debits equal total credits.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 12

    Journal Entry, Ledger and

    Trial Balance
    Ari Purnomo Aji
    Journal Entry?

    Transaction that occur debit and credit


    Recorded chronologically
    Short description
    Journal is called the book of original entry
    Journal is also called a day book
    Journal is called chronological book
    Journal is called "assistant to ledger"
    The amount is written in two columns
    Narration is written below each entry
    Characteristics?
    How the advantages?
    No possibility of any transaction being omitted.
    Can be easily ascertained when and why a transaction has taken place.
    No possibility of committing any mistake in writing the ledger.
    Not necessary to repeat them in ledger.
    Shows the complete story of a transaction in one entry.
    Any mistake in ledger can be easily detected by checking journal.
    Format of Journal Entry

    Date Particulars L.F Debit Credit


    Account to be Debited
    Account to be Credited
    10-11-17 Equipment Furniture 104 $16,000
    Cash 101 $16,000
    (Buy furniture with cash)

    Example :
    Purchased furniture from Furniture Store on 10 November 2017 for
    $16,000.
    What is ledger?
    The books in which all the
    transactions are recorded in a
    summarized form.
    Characteristics of Ledger

    It has two identical sides


    The totals of the two sides represents balance
    At the year end, there is closing balance
    The closing balance becomes the opening balance in the next year
    Format Of Ledger Find out transactions in
    the journal entry

    A/C. Name : A/C. Number :


    Balance
    Date Particulars J.R
    Debit Credit
    Record the
    date
    Opening Balance
    transaction

    Record the Record the


    Give explanation page number amount
    of the
    journal
    Format Of Ledger
    A/C. Name : Cash A/C. Number : 101
    Balance
    Date Particulars J.R
    Debit Credit
    Opening Balance $ 50.000
    10-11-17 Purchasing Equipment Furniture 1 $16,000
    31-12-17 Balance $ 34.000

    Example :
    10-11-17 Equipment Furniture 104 $16,000
    Cash 101 $16,000
    What is trial balance?
    Trial balance is schedule or statement that
    lists the ledger account balances at a point
    in time compares.
    Purposes of Trial Balance
    Check the equality of debits
    and credits
    Provide information for use in
    preparing final accounts.
    Format of Trial Balance
    Record the
    Record the debit balance
    account Write up the of each
    number name of account
    account

    A/C No. Account Name Debit Credit


    101
    102 Add up
    another
    account

    Totals

    Count the totals


    Format of Trial Balance

    Example :

    A/C No. Account Name Debit Credit


    101 Cash $ 34.000
    102
    . ...

    Totals $ 187.000 $ 187.000
    THE END

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