Balance countable

Presentation

In its current presentation, for each account (classified in the order of the Plane accountant), the balance reveals:

the number of the account;
the account name;
the total of the Flow S;
the total of the Credit S;
the Balance of the account, which appears in the column “Debit balance” or “Credit balance” according to the case.

a balance is known as “debtor” if the total of the flows is higher on the whole appropriations, and “creditor” in the opposite case.

Balance

The balance must be balanced, i.e. the total of the flows must be equal on the whole appropriations (or the total of the debit balances must equalize the total of the credit balances). This balance makes it possible to check that the operations were correctly recorded (by respecting the principle of the double part).

However, a balanced balance constitutes only one indication: the errors can be compensated and balances it does not allow to detect the errors of Imputation of account (use of an inappropriate account).

The balance before inventory

The balance before inventory proposes a synthetic sight of the accounts of situation and management before work of inventory. The observation of the depreciation of certain assets, the update of stocks of the regularization of the management accounts made it possible to adjust accountancy with the real situation of the company and to propose a faithful image of it. Consequently, it is advisable to close the accounts to determine the result for the period ended and to present the summaries:

Assessment;
Income statement;
Appendix legal.

To the beginning of the following exercise, the balances of the accounts of assessment are deferred at the time of the reopening of the newspaper and the large book.

The balance after inventory

A balance is established by reproduction of the balance before inventory corrected of the whole of the writings of inventory. It presents the state of the accounts at the end of the exercise.

The balance of fence

This balance gathers nothing any more but the accounts of assessment, bottom line included/understood, since the management accounts were balanced.

The accounts of assessment are balanced in their turn to close the exercise definitively while the newspaper and the large book are closed after the last writing.

Its interest

The countable balance makes it possible to establish, with final, the assessment , the income statement and the appendix legal . It is actually the balance after inventory which allows the establishment of these book of synthesis.

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