Transcript /~mjb1945/Doc/300chapter3.ppt

Accounting Information System
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Basic Terminology
Debit and Credit Rules
Accounting Equation
Financial Statements
Basic Terminology
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Event
Transaction
Account
Real and Nominal
Ledger
Journal
Posting
Trial Balance
Adjusting Entries
Financial Statements
Closing Entries
Accounting Cycle
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Transaction
Journalize
Posting
Trial Balance
Adjustments
Adjusted Trial Balance
Closing entries
Post Closing Trial Balance
Worksheet
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11 columns
Accounts
Trial Balance
Adjusting entries
Adjusted Trial Balance
Income Statement
Balance Sheet