This week’s topics
The Trial Balance
- Role and purpose of the trial balance
- Extracting debit and credit balances
- Drafting a trial balance
- Identifying errors affecting and not affecting agreement
- TRIAL BALANCE: Explained in (Almost) 2 Minutes!
- Accounting 1: Program #8 - "Journal Entries and the Trial Balance"
- Trial Balance Quiz: 20 Questions for Beginners
What you will be able to do
- 2.3 Analyse the usefulness of the double-entry system of bookkeeping to process accounting data.
- 2.4 Prepare a trial balance from given double-entry accounting data.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: analyse the usefulness of the double-entry system of bookkeeping to process accounting data.
Study materials
Videos
- TRIAL BALANCE: Explained in (Almost) 2 Minutes! · YouTube · Accounting Stuff · 5 min · for registered students
- Accounting 1: Program #8 - "Journal Entries and the Trial Balance" · YouTube · JCCCvideo · 47 min · for registered students
- Trial Balance Quiz: 20 Questions for Beginners · YouTube · Accounting Stuff · 12 min · for registered students
Further resources
- Principles of Accounting Vol. 1, ch. 3.6: Prepare a trial balance · PDF · OpenStax, textbook chapter; pp. 146–161 · for registered students
- Introduction to Financial Accounting, Lyryx 2023-A, ch. 2: The Accounting Process · PDF · Other, textbook chapter; pp. 45–98 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
