8th MEETING TASK

PROCEDURE TEXT
How To Make Income and Outcome Balance
Or Trial Balance

Steps to Prepare a Trial Balance

This report is prepared to see the balance or equality between the credit and debit amounts in
the accounts in the general ledger. There are several account names that need to be known in
making a trial balance, which are as follows:
1. The following account balances are recorded in the debit column:
 -Assets
 -Expense Account
 -Cash Balance
 -Bank Balance
 -Loss
2. The following balances are placed in the credit column:
 -Liability or Liability
 -Revenue Account
 -Capital Account
 -Profit
Before making a trial balance, there are several stages that you need to prepare first:
1. Record financial transactions in the general journal first.
2. Then Post to ledger.
3. Prepare a trial balance to verify that total debits equal total credits.
4. To prepare it, it takes the ending balances of all general ledger accounts and cash books and
bank books. So, first of all, each general ledger account must be balanced.
The balance is the difference between the sum of all debit entries and the sum of all credit
entries.

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 8th MEETING TASK

PROCEDURE TEXT
How To Make Income and Outcome Balance
How To Make a Income and Otcome Balance Or Trial Balance
1. Prepare four columns and fill them according to the table below:
No. Account Account Name Credit
Debit
(1) (2) (3) (4)
1) In the account number column, fill in with the accounting account code number.
2) Then the account name column is filled with the account name in the order of the
account number.
3) Then the debit column is filled with the total account balance with a debit balance.
4) Finally, the credit column is filled with the total account balance with a credit
balance.
2. The preparation steps before applying how to create and calculate a trial balance are:
1) Include the account name and balance.
2) Add up the debit and credit columns.
3) Proving the similarity of the two columns (debit column and credit column)
3. Total the debit and credit columns. Ideally, the two should be balanced.
4. After comparing and the results are the same, the trial balance can be closed. If there is a
discrepancy, try to find the error and correct it.
For more details, you can see an example of a trial balance based on financial data belonging to Toko
Cemerlang for the May 2020 period, which is as follows.

To ensure that the general ledger postings that you do are correct or not, pay attention to the total
amount of debits and credits on the trial balance. If the number is the same, it means that the post you
did was correct.
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