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Note Taking - Exercise - Ni Wayan Kartika Dewi
Note Taking - Exercise - Ni Wayan Kartika Dewi
Accounting cycle steps start from starts all over again with the occurence of a
bookkeepers analyze the transaction and new bussiness transaction.
record it in the general journal with a journal
NOTES!!!!
entry. The debits and credits from general
journal are the posted to the general leadger
where unadjusted trial balance can be
Kinds of Journals:
prepared. After analyzing the balance on the
unadjust trial balance, then make end of 1. General Journal
period adjustment. These adjusted journal 2. Adjustment
entries are posted to the trial balance turning 3. Closing Journal
it into an adjusted trial balance. If the 4. Reversing Journal
adjusted trial balance matches the subsidiary
The Cycles:
account, the financial statement can be
prepared. After the financial statement are
published and release to the public, the
company can close its books for the period
and then posted to the post closing trial
balance. At the start of the next accounting
period, occasionally reversing journal are
made to cancel out the accrual entries made
in the previous period. After the reversing
entries are posted, the accounting cycle
SHARE CALL
Almost 10 million people now own shares in British companies e.g British Gas, Bristish
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General journal-->
adjusment -->
Background:
1. Most people don’t have time and resourches to follow market tr ends closely.
Benefits:
1. Use modern technology and can be reach with a simple phone call.
3. Provides a whole host of special report covering a variety of useful financial topics.
4. Provides an essential telephone link with London’s Financial Market for todays investor.