Imagine That You Have Been Asked to Speak to a Group

question 228

Essay

Imagine that you have been asked to speak to a group of tenth-grade students who have signed up for a study skills seminar offered by a local youth group. Based on the information provided in the Personal Application, what are five concrete points that you would make in your presentation?

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Definitions:

General Journal Entries

Accounting entries recorded in the general journal that document business transactions not handled by specialized journals.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to verify the balance of debits and credits and to prepare financial statements.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, summarizing transactions over a period.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.