1. UWI OC ACCT 1002 – Introduction to Financial Accounting (Unit Three) Presented by: Misty Dawn Floyd 2. Weekly Funny  3. Learning Objectives By the end of this presentation,…

1. Trial balance Made by: Shruti 2. What is trial balance? A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns. A company…

1. Week 10 CORRECTION OF ERRORS AND SUSPENSE ACCOUNT 2. At the conclusion of this lecture, you should have an appreciation of: Identify types of errors in a Trial Balance…

1. ACCOUNTING TRIAL BALANCE? Prepared By: Y.H.Kang Admission No:148411 L 1 2. WHAT IS A TRIAL BALANCE?  Trial Balance is a list of closing balances of ledger accounts…

Chapter 11 Control Systems: Errors and Suspense accounts Errors that have no effect on the trial balance totals include: Errors of omission Compensating errors Errors of…

ACCOUNTING SYSTEMS, INTERNAL CONTROL, CHAPTER 5 ACCOUNTING SYSTEMS EYE OPENERS 1. The individual accounts receivable ledger accounts provide business managers information…

Slide 107/04/2015Paul Copeland1 Lesson 59 Correction of Errors Accounting Slide 2 07/04/2015Paul Copeland2 By the end of this Lesson You will 1. Mark the homework..Sheet…

Slide 1 Slide 2 WHAT DO I DO IF I MADE A CARELESS MISTAKE IN MY MATHS PROBLEM SUM? WHAT DOES MY TEACHER DO WHEN HE MARKS A QUESTION WRONGLY? WHAT DOES THE CASHIER DO IF SHE…

Chapter 18 Chapter 18 Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable · Review Questions 18-1 a. Asset…

Week 10 CORRECTION OF ERRORS AND SUSPENSE ACCOUNT Errors not affecting trial balance agreement After you have studied this chapter, you should be able to: correct all errors…