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Financial Accounting for Management, 5th Edition by Ambrish Gupta

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Chapter 2

Measurement of Profit and Financial Position: II Journal to Trial Balance

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The process that leads to the measurement of financial performance and position of an enterprise is known as Accounting Cycle. Accounting Cycle forms the very basis of financial accounting. This chapter covers the cycle up to trial balance.

CHAPTER OBJECTIVES

This chapter seeks to enable you to develop knowledge and understanding of:

  1. How to classify the business transactions from journal through ledger.
  2. How to analyse the ledger.
  3. How to summarise the business transactions from ledger in trial balance.
  4. Application of certain fundamental accounting concepts ...

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