Project 1: Training Room Summary

1. Project 1

1.5. Training Room Summary

Project 1: The Worksheet

This photo shows a pair of eyeglasses, a pen, and accounting papers.

Training Room Summary

In this training room you learned how to set up a worksheet and prepare the trial balance section. This is a way to help catch possible errors that may have been made in the ledger. It is important to make sure that the debits equal the credits in this section before you extend these account balances to the rest of the worksheet. If not, you may be working with incorrect numbers and this could create problems with your financial statements. The work that is completed on this worksheet is the rough work that is used to complete formal financial statements that may be submitted to the head of the company, an auditor, or a financial institution. It is important that these numbers are accurate.

Continue on to Training Room 2 to learn how to extend these account balances to the rest of the worksheet.