1 / 5

Proving and Ruling a Journal

Proving and Ruling a Journal. Accounting 1 Chapter 3 Section 4 . Steps 1. Add each of the amount columns 2. Add the debit columns and then add the credit columns 3. Verify that the total debit and total credit are equal. Proving a Journal Page. Steps

noma
Download Presentation

Proving and Ruling a Journal

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. Proving and Ruling a Journal Accounting 1 Chapter 3 Section 4

  2. Steps • 1. Add each of the amount columns • 2. Add the debit columns and then add the credit columns • 3. Verify that the total debit and total credit are equal. Proving a Journal Page

  3. Steps • Rule a single line across all amounts directly below the last entry. (Indicate that the columns are to be totaled.) • On the next line write the date in the date column. • Write carried forward in the account title column. Place a check mark in post. Ref column (chapter 4) • Write each column total below the single line. • Double rule below all the total columns. (Indicates that the total credits equal the total debits) Ruling a Journal Page

  4. Steps • 1. Write the page number at the top of the journal. • 2. Write the date • 3. Write brought forward in the account title column. • 4. Record column totals brought forward from previous page. Starting a New Journal Page

  5. Steps • 1. Rule a single line across all the amount columns. • 2. Write the date • 3. Write totals in the account title column. • 4. Write each column total below the single line. • 5. Rule a double line below the column totals. Proving and Ruling at the End of the Month

More Related