In an accounting system, there are five main components. Each part has a different job and accomplishes a different step in the financial reporting process. The five components are source documents, input devices, information processors, information storage, and output devices. During this Module, we have also focused on the special journals including the sales, cash receipts, purchases, cash payments and general journal.
For this assignment, you have been asked to analyze the sales journal specifically, and create a PowerPoint presentation explaining the process of journalizing, posting to the subsidiary ledger and posting to the general ledger. Be sure to include in your summary, the process for proving the ledgers.