MODULE 4

JOURNALIZING, POSTING, TRIAL BALANCE

I. INTRODUCTION

A. OVERVIEW

Going-Concern Principle discussed in the previous module states that the

business is assumed to have a continuous life from the date of its establishment. This is
our base for studying accounting period and accounting cycle which is discussed in this
module. This module also contains the first (1st) three (3) steps in the accounting cycle,
that is, journalizing, posting, and preparation of trial balance. Illustration is given in each
step of the cycle. Likewise, exercises to further understand the lessons are given after
the lecture.

B. LEARNING OUTCOMES

At the end of the lesson, you should be able to:

1. Define chart of accounts

2. Explain accounting period and its importance
3. Define accounting cycle
4. Identify the steps in the accounting cycle
5. Define journalizing, journal, journal entry
6. Journalize business transactions
7. Define posting, ledger, general ledger, T-account
8. Post the records from the journal to the ledger
9. Define trial balance
10. Differentiate trial balance of totals and trial balance of balances
11. Prepare trial balances from the postings in the ledger

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 C. REQUIREMENT

After reading and studying the lessons, please answer the questions/exercises at the end
of the lesson.

D. PRE-ASSESSMENT

Problem-solving/Exercises

II. CONTENT

A. LESSON

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1. CHART OF ACCOUNTS

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2. ACCOUNTING PERIOD

3. ACCOUNTING CYCLE

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 4. STEPS IN ACCOUNTING CYCLE

4. JOURNALIZING, JOURNAL, JOURNAL ENTRY

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5. POSTING, LEDGER, GENERAL LEDGER, T-ACCOUNTS

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6. TRIAL BALANCE

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A. ADDITIONAL READINGS

1. Fundamentals of Accounting by Amelia M. Arganda

2. Conceptual Framework and Accounting Standards by Zeus Millan
3. Financial Accounting and Reporting For Services and Merchandisers by
Zenaida Manuel
4. Fundamentals of Accountancy, Business and Management by Rodiel C.
Ferrer

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 B. EXERCISES

Direction: Answer the following exercises, then send your answers to my

private messenger.

You may provide your own answer sheets.

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You may provide your own answer sheets

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