trial balance點做Adjusted trial balanceTrial balance templateTrial balance orderTrial balance sheetTrial balance debit creditUnadjusted trial balanceTrial Balance - Example | Format | How to Prepare Template
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The trial balance format is easy to read because of its clean layout. It typically has four columns with the following descriptions: account number, name, ... Skiptocontent Menu Home»FinancialAccountingBasics»TrialBalance WhatisaTrialBalance? Atrialbalancesheetisareportthatliststheendingbalancesofeachaccountinthechartofaccountsinbalancesheetorder.BookkeepersandaccountantsusethisreporttoconsolidatealloftheT-accountsintoonedocumentanddoublecheckthatall transactions wererecordedin properjournalentryformat. Bookkeeperstypicallyscantheyear-endtrialbalanceforpostingerrorstoensurethattheproperaccountsweredebitedandcreditedwhilepostingjournalentries.Internalaccountants,ontheotherhand,tendtolookatglobaltrendsofeachaccount.Forinstance,theymightnoticethataccountsreceivableincreaseddrasticallyovertheyearandlookintothedetailstoseewhy. Taxaccountantsandauditorsalsousethisreporttopreparetaxreturnsandbegintheauditprocess.TheTBformatlendsitselftoawidevarietyofuses. TrialBalanceFormat Thetrialbalanceformatiseasytoreadbecauseofitscleanlayout.Ittypicallyhasfourcolumnswiththefollowingdescriptions:accountnumber,name,debitbalance,andcreditbalance.It’salwayssortedbyaccountnumber,soanyonecaneasilyscandownthereporttofindanaccountbalance.Thisorderalsotendstobeinbalancesheetordersincetheaveragechartofaccountsfollowstheaccountingequationstartingwiththeassets. NotallaccountsinthechartofaccountsareincludedontheTB,however.Usuallyonlyactiveaccountswithyear-endbalanceareincludedintheTBbecauseaccountswithzerobalancesdon’tmakeitonthefinancialstatements.Forexample,ifacompanyhadavehicleatthebeginningoftheyearandsolditbeforeyear-end,thevehicleaccountwouldnotshowupontheyear-endreportbecauseit’snotanactiveaccount. Thereportalsototalsthedebitandcreditcolumnsatthebottom.Aswithallfinancialaccounting,thedebitsmustequalthecredits.Ifit’soutofbalance,somethingiswrongandthebookkeepermustgothrougheachaccounttoseewhatgotpostedorrecordedincorrectly. Thisstepsavesalottimeforaccountantsduringthefinancialstatementpreparationprocessbecausetheydon’thavetoworryaboutthe balancesheet and incomestatement beingoffduetoanout-of-balanceerror.Keepinmind,thisdoesnotensurethatalljournalentrieswererecordedaccurately.Itjustmeansthatthecreditsanddebitsbalance. Ajournalentryerrorcanstillexist.Forinstance,inourvehiclesaleexamplethebookkeepercouldhaveaccidentallydebitedaccountsreceivableinsteadofcashwhenthevehiclewassold.Thedebitswouldstillequalthecredits,buttheindividualaccountsareincorrect.Thistypeoferrorcanonlybefoundbygoingthroughthetrialbalancesheetaccountbyaccount. Sincemostcompanieshavecomputerizedaccountingsystems,theyrarelymanuallycreateaTBorhavetocheckforout-of-balanceerrors.Theycomputersystemdoesthatautomatically. PreparationandProcess HowistheTrialBalancePrepared? Whentheaccountingsystemcreatestheinitialreport,itisconsideredan unadjustedtrialbalance becausenoadjustmentshavebeenmadetothechartofaccounts.Thisissimplyalistofalltheaccountbalancesstraightoutoftheaccountingsystem. Asthebookkeepersandaccountantsexaminethereportandfinderrorsintheaccounts,theyrecordadjustingjournalentriestocorrectthem.Aftertheseerrorsarecorrected,theTBisconsideredan adjustedtrialbalance. Westillaren’tdonewiththisreportyetthough.Theerrorshavebeenidentifiedandcorrected,buttheclosingentriesstillneedtobemadebeforethisTBcanusedtocreatethefinancialstatements.Aftertheclosingentrieshavebeenmadetoclosethetemporaryaccounts,thereportiscalledthe post-closingtrialbalance. Let’stakealookatanexample. Example HowtousetheTrialBalance Here’sanexampletrialbalance.Asyoucansee,thereporthasaheadingthatidentifiesthecompany,reportname,anddatethatitwascreated.Theaccountsarelistedontheleftwiththebalancesunderthedebitandcreditcolumns. Sincethedebitandcreditcolumnsequaleachothertotalingazerobalance,wecanmoveintheyear-endfinancialstatementpreparationprocessandfinishtheaccountingcyclefortheperiod. GeneralJournalChartofAccounts Contents1WhatisaTrialBalance?2TrialBalanceFormat3PreparationandProcess3.1HowistheTrialBalancePrepared?4Example4.1HowtousetheTrialBalance Searchfor: AccountingBasics Home AccountingTopics Resources Careers [i][i]
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