Bas acc finals analogy

final summary

Journal: Chronological Recording: Ledger:

limited accuracy

Double Entry: Checks and Balances: Single Entry:

error detection

Trial Balance: Accuracy Check: Calculator:

index

Chart of Accounts: Account Organization: Table of Contents:

sales transactions

Cash Journal: Cash transactions: Sales Journal:

Summary of accounts

Subsidiary Ledger: Individual accounts: General Ledger:

profit performance

Balance Sheet: Financial Position: Income Statement:

words

Book of Accounts: Business Records: Dictionary :

Routine Transactions

General Journal : Non-routine transactions: Special Journal :

credit increase

Asset Account: Debit Increase: Liability Account:

dates

Ledger: Account Balances: Calendar:

evaluating

Bookkeeper: Recording: Auditor:

recording

Financial Statements: Reporting: Books of Accounts :

detailed accounts

General Ledger: Master Accounts: Subsidiary Ledger:

petty cash

Cash Book: Cash and bank: Petty Cash Book:

Outgoing cash

Cash Receipts Journal: Incoming Cash: Cash Disbursements Journal:

sales journal

Purchase Journal: Credit purchases: Sales Return Journal :

account

Journal: Chronological record: Ledger:

Right side

Debit : Left Side:: Credit :

files to drawer

Posting: Journal to Ledger: Transferring:

credit sales

Purchase Journal: Credit Purchases: Sales Journal :

record

Ledger : Classification: Journal :