xvii i CONTENTS 



CHAPTER fi0 



IV. THE TRIAL BALANCE . 



Explanation of Trial Balance Terms; Purpose of 

 the Trial Balance; Trial Balance Proves What* 

 Time of Taking a Trial Balance; Procedure in 

 Taking a Trial Balance; Finding the Balance of 

 an Account; Listing the Balance in the Trial Bal- 

 ance; Adding and Proving the Trial Balance; 

 Trial Balance Details Illustrated; Trial Balance 

 Before and After Closing; Preparation of State- 

 ments from Trial Balance; Relation between Trial 

 Balance and Financial Statements; Two Methods 

 of Preparing Financial Statements; Illustrative 

 Problems; Review Questions. 



V. BOOKS OF ORIGINAL ENTRY . 



The Ledger as an Only Book of Entry; Five Rea- 

 sons for Using Books of Oriirimil Kntry ; Post in IT; 

 Characteristics of Specific Books of Original En- 

 try; Simple Journal; Simple Journal Entries 

 lustrated; Ledger Accounts Posted from Journal 

 Entries; Posting from Simple Journal; Simple 

 Cash Book; Posting from Simple Cash Book; The 

 Cash Journal; Posting from the Cash Journal; 

 Optional Form for Cash Journal ; Preventing and 

 Finding Errors; Precautions for Preventing Er- 

 rors; Common Types of Errors; Rules for Find- 

 ing Errors; Correcting Errors; Finding Errors in 

 the Cash Balance; Reconciling the Checking Ac- 

 count; Errors on Check Stubs; Illustrative Prob- 

 lems ; Review Questions. 



VI. SPECIAL ACCOUNTS AND ENTRIES 



Hired Man; Notes Receivable; Notes Payable; 

 Notes Receivable and Payable Distinguished; 

 Land and Buildings; Land; Buildings; Mixed Ac- 

 counts in a Trading Business; Mixed Accounts 

 on the Farm; Horses; Swine; Cattle; Poultry; 



