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Accounting: Balance Ledgers & Adjust Entries

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Accounting: Balance Ledgers & Adjust Entries

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Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

2 hours to complete
Flexible schedule
Learn at your own pace

Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

2 hours to complete
Flexible schedule
Learn at your own pace

What you'll learn

  • Double-entry bookkeeping keeps accounts balanced and prevents systematic errors in financial records.

  • Knowing normal account balances helps detect posting errors and maintain ledger accuracy.

  • Month-end adjustments ensure accurate accrual accounting and reflect true financial position.

  • Verifying total debits equal credits provides an error check to prevent fraud and miscalculations.

Details to know

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Recently updated!

January 2026

Assessments

5 assignmentsΒΉ

AI Graded see disclaimer
Taught in English

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  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 2 modules in this course

Master the fundamental building blocks of accurate financial record-keeping that every accounting professional needs. This course empowers you with essential double-entry bookkeeping knowledge to recognize normal account balances and execute precise month-end adjusting procedures using QuickBooks.

This Short Course was created to help accounting professionals accomplish reliable ledger maintenance and month-end closing procedures. By completing this course, you'll be able to confidently identify whether major account categories carry debit or credit balances, calculate and record adjusting entries for accruals and prepaids, and ensure your general ledger remains balanced after posting transactions. By the end of this course, you will be able to: Recognize the normal debit or credit balance for major general ledger account categories. Apply standard procedures to post month-end adjusting entries and balance the ledger. This course is unique because it combines foundational accounting theory with hands-on QuickBooks practice, ensuring you develop both conceptual understanding and practical skills that translate directly to workplace success. To be successful in this project, you should have a background in basic accounting concepts and access to QuickBooks.

Learners will master the fundamental principles of double-entry bookkeeping by identifying which account categories naturally carry debit balances versus credit balances, providing the essential foundation for accurate financial record-keeping.

What's included

3 videos1 reading2 assignments

3 videosβ€’Total 15 minutes
  • Why Account Balance Recognition Transforms Your Accounting Careerβ€’4 minutes
  • Understanding the Logic Behind Normal Account Balancesβ€’6 minutes
  • General Ledger Account Balance Recognitionβ€’5 minutes
1 readingβ€’Total 8 minutes
  • Complete Guide to General Ledger Account Categoriesβ€’8 minutes
2 assignmentsβ€’Total 13 minutes
  • Account Balance Classification Exerciseβ€’10 minutes
  • Account Balance Recognition Knowledge Checkβ€’3 minutes

Learners will execute the complete month-end adjusting entry process, including identifying adjustment needs, recording entries in QuickBooks, and verifying ledger balance integrity using systematic procedures employed in professional accounting environments.

What's included

2 videos2 readings3 assignments

2 videosβ€’Total 12 minutes
  • Why Month-End Adjusting Entries Determine Your Success as an Accounting Professionalβ€’4 minutes
  • Systematic Approach to Month-End Adjusting Entry Analysisβ€’8 minutes
2 readingsβ€’Total 16 minutes
  • Essential Types of Month-End Adjusting Entriesβ€’8 minutes
  • Month-End Closing Procedures and Ledger Balance Verificationβ€’8 minutes
3 assignmentsβ€’Total 33 minutes
  • Month-End Adjusting Entries Mastery Assessmentβ€’15 minutes
  • Complete Month-End Adjusting Entry Implementationβ€’15 minutes
  • Adjusting Entry Procedures Knowledge Checkβ€’3 minutes

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Frequently asked questions

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Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

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ΒΉ Some assignments in this course are AI-graded. For these assignments, your data will be used in accordance with Coursera's Privacy Notice.