ACC112 – FINANCIAL ACCOUNTING
 /  ACC112 – FINANCIAL ACCOUNTING

ACC112 – FINANCIAL ACCOUNTING


Mr. Amos

Introduction
The accounting doctrine for every credit entry, there must be a corresponding debit entry, presupposes that all the balance of the account at a point in time as drawn up in the trail balance must be equal. The trial balance is really not an account but a list of balance, which are either credit or debit, that are extracted or drawn up to test (try). The arithmetical accuracy of all the book keeping entries, the equality of both sides of side of the trail balance is primafacie evidence that all the entries of the ledger are correct.


Lecture Note
ACC112 - FINANCIAL ACCOUNTING
Mr. Amos
Accounting, Banking and Finance
Management And Social Sciences
PDF, 330.1 KB


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