Trial balance under the debit and credit accounting method
The story of "Feng Shui Master" and "Accounting Master"
Once at the wine table, a person who claimed to know Feng Shui kept talking for a long time, which made everyone confused. In the mist, I had to tell him that in fact, Feng Shui is nothing more than two words "balance". If the balance is lost, Feng Shui will be bad. This is true for everything. Balance is the most beautiful.
The so-called Feng Shui is to see whether a certain place is balanced.
Accountants keep accounts and compile tables every day for the sake of balance, so accountants actually know Feng Shui best.
Let’s get in touch with reality again and use the accounting balance concept to tell everyone what success is. Success is not just about your achievements at work or how high your position is; nor is it just about how much money you have in the bank or how many houses you have; real success is a state of balance in life, that is to say, balancing life In all aspects of life, there is work and leisure, love and self, wealth and health.
These are any two sides of life. We must find that balance point in order to succeed and find our true happiness.
Trial balance refers to the summary calculation and comparison of the occurrences and balances of all accounts based on the accounting rules of the debit and credit accounting method and the identity relationship between assets and equity (liabilities and owners' equity). A way to check that account records are correct.
(1) Classification of trial balance.
① Trial balance of the amount incurred.
The total amount of debits for all accounts in this period = The total amount of debits for all accounts in this period Credits The total amount of
The direct basis for the trial balance is the accounting rules of the debit and credit accounting method, that is, "if there is a debit, there must be a credit, and the debits must be equal." ".
② Balance trial balance.
The total debit balance of all accounts at the end of the period (beginning) = the total credit balance of all accounts at the end of the period (beginning)
The direct basis for the balance trial balance is the financial position equation, that is: assets = liabilities + owners' equity.
Teacher Xiao’s interpretation:
The basis for the trial balance of : The essence lies in what "happened"? When a business occurs and entries are prepared, the entries must be debits and credits, and the loan amounts are equal, so the trial balance of the amount is directly based on the accounting rules of the debit and credit accounting method.
The basis for the balance trial balance: Since it is a balance, regardless of the beginning or the end of the period, this is a static point in time, and the balance of the first equation should be maintained at this moment, that is, assets = liabilities + owners' equity. Therefore, the direct basis for the balance trial balance is the financial position equation.
(2) Preparation of trial balance sheet.
The trial balance is carried out by preparing a trial balance sheet. A trial balance is just a way to check that the account records are correct by checking whether the debit and credit amounts balance.
If the amounts or balances between the borrower and the lender are equal, it means that the account records are basically correct, but some errors do not affect the balance between the lender and the borrower. Therefore, if the trial balance is unbalanced, it means that there must be errors in the accounting, but when the trial balance is used, it cannot be shown that the accounting The account must be correct.
Errors that do not affect the balanced relationship between lenders and borrowers usually include:
① There were 3 transactions in total, only 2 were remembered
② There were 3 transactions in total, and one transaction was remembered
③ There were 3 transactions in total, one of which was overcharged by 9,000 yuan
