Unit 3 Preparing Ledger Balances and an Initial Trial Balance
Course Summary
This unit relates to the internal checks involved in an organisation’s accounting processes and includes three elements:
- Balance bank transactions
- Prepare ledger balances and control accounts
- Draft an initial trial balance
The first element is primarily concerned with comparing individual items on the bank statement with entries in the cashbook and identifying any discrepancies.
The second element requires candidates to total the relevant accounts and to reconcile the control accounts, within a computerised and a manual accounting system.
The final element involves drafting an initial trial balance manually and producing a trial balance from a computerised accounting system, including the creation of a suspense account where necessary.
Related links
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Brochures download
- AAT classroom and distance learning brochure
- After your AAT