Asked by Leslie
Can you please let me know how do you keep a running balance for an account using four column accounts.
Thanks!!
Answers
Answered by
Chopsticks
Do you mean like a balance sheet?
Answered by
Leslie
Yes...
Answered by
Chopsticks
Well, do you need help making a balance sheet?
Just remember A=L+E
Just remember A=L+E
Answered by
Leslie
Yes, thank you!
The first two columns (debit and credit )are the journal entry and the last two colunms are the ledger( debit and credit ). Do I just copy the numbers to each side. How would I know what to deduct. Are there any websites that I would be able to view to show me how to do this.
The first two columns (debit and credit )are the journal entry and the last two colunms are the ledger( debit and credit ). Do I just copy the numbers to each side. How would I know what to deduct. Are there any websites that I would be able to view to show me how to do this.
Answered by
Chopsticks
This sounds more like your posting stuff to the general ledger. Are there any T-accounts involved?
Are you using the "Fundamental Financial Accounting Concepts" book?
If so, you can check the back cover of the book. It should give you a website telling you where to view these sort of stuff.
Are you using the "Fundamental Financial Accounting Concepts" book?
If so, you can check the back cover of the book. It should give you a website telling you where to view these sort of stuff.
Answered by
Leslie
Im using accouting by Horngren and harrsion
Answered by
Chopsticks
Ok, I get what your trying to do. Your posting all those journal entries to the ledger. In that case, you should find out which is a debit and which is a credit from the journal entry, and then post it top the ledgers.
About the deduction, what do you mean by that?
About the deduction, what do you mean by that?
Answered by
Leslie
I was told that if I have cash that it should be deducted from the ledger. I am not understanding...
Answered by
Chopsticks
Why would it be deducted from the ledger? All your doing is posting what you got from the journal entries to the general ledgers.
Answered by
Chopsticks
Can you type down some of the journal entries so I can see them?
Answered by
Leslie
Thank you, I was able to figure some of the questions out.
Thanks again!!
Thanks again!!
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