1 / 8

The Six-Column Work Sheet

Chapter 8. $. The Six-Column Work Sheet. $. Making Accounting Relevant The ability to organize information is an important skill. In your work, you’ll be asked to present ideas and data. $.

Download Presentation

The Six-Column Work Sheet

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Chapter 8 $ The Six-Column Work Sheet $ Making Accounting Relevant The ability to organize information is an important skill. In your work, you’ll be asked to present ideas and data. $ In your classes, what information have you been asked to organize and present to others? What did you do to prepare for these presentations? $

  2. Chapter 8 $ Section 1 Preparing the Work Sheet $ • What You’ll Learn • The purpose of the work sheet. • The kinds of information contained in the heading. • How to prepare a trial balance on a work sheet. • How to rule a section of the work sheet. $ $

  3. Section 1 Preparing the Work Sheet (cont'd.) Chapter 8 $ Why It’s Important The work sheet is a tool the accountant uses to collect all the information needed for the end-of-period activities. $ $ • Key Terms • work sheet • ruling $

  4. Section 1 Preparing the Work Sheet (cont'd.) Chapter 8 $ The Sixth Step of the Accounting Cycle: The Work Sheet A work sheet is used to collect information from the ledger accounts in one place. $ $ $

  5. Section 1 Preparing the Work Sheet (cont'd.) Chapter 8 $ The Work Sheet Heading $ (1) The name of the business (Who?) (2)The name of the account-ing form $ (What?) $ (3) The period covered by the work sheet (When?)

  6. Section 1 Preparing the Work Sheet (cont'd.) Chapter 8 $ The Account Name and Trial Balance Sections $ $ $

  7. Section 1 Preparing the Work Sheet (cont'd.) Chapter 8 $ Ruling and Totaling the Trial Balance Section • Total debits must equal total credits. $ $ $

  8. Section 1 Preparing the Work Sheet (cont'd.) Chapter 8 $ Check Your Understanding $ What is the purpose of the work sheet? $ $

More Related