Timeline for Posting Entries
Chapters in this video
- 0:00 Ollie's daily blotter: original itemized entries
- 1:10 Exam trap: why you cannot substitute a later financial summary
- 2:07 Sam's monthly trial balance and capital computation
- 3:04 Active recall: blotter versus monthly records
- 3:40 Exam trap: mixing blotter purpose with trial balance purpose
- 4:36 Rapid-fire exam recap
What this video covers
- What the blotter is and why it must be an itemized daily record of original entry covering purchases, sales, securities movements, cash movements, and other debits and credits
- Why substituting a later financial summary for the required itemized transaction record is a violation the exam loves to test
- What the trial balance proves, and why its at-least-monthly timing is strictly for ledger-account money balances
- What the capital computation measures: the required aggregate-indebtedness and net-capital computation prepared at least monthly
- How the exam traps you by mixing and matching the blotter's purpose with the trial balance's purpose
- The concrete timing rule: blotter daily, trial balance monthly, capital computation monthly
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 99 course also includes adaptive practice questions and spaced-repetition flashcards, free through the end of 2026.