Acct. Oct. 6 by Peter Melkonian

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Slide Notes

Acct. Oct. 6

Published on Nov 18, 2015

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PRESENTATION OUTLINE

simple ledger

mr. melkonian

Photo by Seán Venn

test on wednesday

review after we're done

Photo by dsevilla

account

page specially designed to record changes in financial position

Photo by @Doug88888

ledger

group or file of accounts

Photo by Seán Venn

ledgers can be formed in different ways

computer is most common/popular now

Photo by Daniel Dudek-Corrigan

each item on a balance sheet

is considered an account

Photo by dantaylr

T accounts

used for explanations

Photo by Dr. RawheaD

important features of ledger accounts

Photo by Dave_B_

1. each balance sheet item

is called an account

Photo by Hammonton Photography

2. dollar figure for each item

recorded on the account on the first line

Photo by Rakesh JV

3. make sure dollar figure

is on the correct side (A =L + O)

Photo by Nrbelex

4. ledger and balance sheet both show financial position

you can make one if you have the other

Photo by Kanemojo

Test review

Peter Melkonian