Week 17 – accounting module
Book keeping principles
Financial accounting:
Input Processing Output
Financial statements
The accountant will record economic transactions in the journal.
Then they will summarise these in the ledger.
And then the accountant gets the balances at the end of the year or
the end of the accounting period and transfer these balances to
something called trial balance.
Book keeping principles
Financial accounting:
Input Processing Output
Financial statements
The accountant will record economic transactions in the journal.
Then they will summarise these in the ledger.
And then the accountant gets the balances at the end of the year or
the end of the accounting period and transfer these balances to
something called trial balance.
