In order to understand why we do certain things

In order to understand why we do certain things, which we do in the first instance, while doing our bookkeeping we need to examine and understand the purpose of bookkeeping.

The purpose and the end-products of the bookkeeping and accounting cycle are what are known as The Final Accounts.   MBT Boost Shoes,

Here I will explain briefly what these Final Accounts are (read section on Final Accounts to know how to prepare your Final Accounts).

The Final Accounts are:

-- The Trial Balance

The Trial Balance is a list of all the balances from your ledgers (read section on Ledgers to find out more on ledgers), these are the Debit and Credit balances (read section on Double Entry to find out more MBT Shuguli GTX,on Debit and Credit).

The Trial Balance is used to determine if the ledgers are balanced. The total debit and the total credit balances in the Trail balance must equal each other, for example if the Debit balances in the Trial Balance equals MBT Staka Sandals,to 6,596,087.99, then the Credit Balance must also equal to 6,596,087.99. Nothing more nothing less, not even a single penny.