In this chapter you will learn the difference between accounting and bookkeepin and the various tasks carried out by an accountant and a book keeper. You will also learn the effects of transactions on the accounting equation.
In this chapter you will learn how to record cash transactions, how to balance accounts and draft a trial balance.
In this unit you will learn how to record bank transactions in the ledger, balance off all the accounts and draft a trial balance.
In this chapter you will learn how to record credit transactions in the ledger.
In this chapter you will understand how to balance off all accounts in the ledger and how to draft a trial balance.
In this chapter you will learn how to prepare a simple income statement of a sole-trader to shoe Gross profit/loss and Profit/Loss for the year.
In this chapter you will understand how to prepare a statement showing the assets, liabilities and capital of a sole-trader.
In this chapter you will learn how to prepare a complete financial statements of a sole-trader.
In this chapter you will learn the types of accounts, types of ledgers and different books of prime entries.
In this chapter you will learn how to prepare a simple 2-column cash book.
In this unit you will learn how to prepare a three column cash book and the different types of discount.
In this chaper you will learn how to prepare a simple petty cash book and how the imprest system works.
In this chapter you will learn how to prepare a sale journal and a sales return journal.
In this chapter you will learn how to prepare a purchases invoice, purchases day book and purchases return day book.
In this chapter you will learn how to prepare sales ledger control account and purchases ledger control account.
In this chapter you will learn how to reconcile the cash book with the bank statement.
