End of month posting version1

End of month posting version1 - End of month posting 1 of 6

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End of month posting http://www.perdisco.com/elms/qsam/html/qsam.aspx 1 of 6 5/10/2008 3:02 PM Navigation map You have currently completed approximately 48% of your Accounting Practice Set. We estimate that it may take you up to a further 9.5 hours of study time to complete this and the remaining Practice Set pages. This page of the Accounting Practice Set could take you up to 1 hour of study time to complete. These time frames are a guide only. It may take you more or less time to complete each step. Original information The information in the above links comes from the 'Overview' and 'Further information' pages at the beginning of the practice set. If you did not print them out, and you would like to refer to them, you may review them below: Overview Further information Additional information To answer this question you may need the following information: End of month posting This practice set continues over multiple pages. Saving your position. If you want to save this practice set where you are up to and come back to it at a later time, click the bookmark button on this page to save your position and be returned to your home page. To re-enter the practice set at this page at a later time, simply click the link that you originally clicked to access this practice set. Please note that any answers you have entered on the bookmarked page are not kept with your bookmark. When you are ready, enter your answers and click submit answers . You will receive immediate feedback to everything you have attempted. You cannot go backwards once you have submitted a page. Instructions for end of month posting Total the columns in the special journals. Record the total in the bottom line of each journal. Post the totals of the columns in the special journals to their corresponding ledger account. To confirm that the posting has been performed, a posting reference is recorded in the last row of the special journals. If the total of a column is not required to be posted, you need to record an X in the post reference field for that column. Record the final unadjusted balance of each ledger account in the Unadjusted Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the Unadjusted Balance row must still be filled out in order to receive full marks.
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End of month posting version1 - End of month posting 1 of 6

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