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The General Ledger And The Trial Balance

This class was created by Brainscape user Thabelo Mokati. Visit their profile to learn more about the creator.

By: Thabelo Mokati
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Decks in this class (5)

Account Classification (Module: 5 - 6) COMPLETE
What is an asset,
What is a liability,
What is a current asset
12  cards
Posting from journals to the general leger (double entry principle) (Module 5 - 8) COMPLETE
In the cash receipts journal the ...,
What is a debit account,
What is credit
16  cards
Balancing accounts (Module: 9) COMPLETE
What folio should you use for a b...,
What do you do when an account on...,
In what circumstances should an a...
7  cards
Trial Balance (Module: 10) COMPLETE
What is the purpose of a trial ba...,
What are the two sections of a tr...,
If an account has increased on th...
9  cards
Debtors(Module: 11 - 13)
What is a debtor to a business,
When goods are sold and are paid ...,
Why are debtors assets
13  cards

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The General Ledger And The Trial Balance

  • Class purpose General learning

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