In this chapter you will learn how to prepare the income statement and statement of financial position of a sole-trader taking into account various end of year adjustments.
In this chapter you will learn how to prepare the financial statements of a partnership business taking into account the partnership agreement and year end adjustments.
In this chapter you will learn how to prepare the manufacturing account to show the cost of producing goods.
In this chapter you will learn how to calculate and interpret profitability and liquidity ratios.
In this chapter you will learn how to prepare statement of affairs and calculate profit.
In this chapter you will learn how to convert single entries into double entries.
In this chapter you will learn how to prepare the financial statements of non-profit making organisations.
In this chapter you will learn how to prepare the final accounts of a company.
In this chapter you will learn the various accounting principles and concepts that must be applied when preparing financial statements.
In this ledger you will learn how to correct errors using the journal and how to calculate corrected profit.
In this chapter you will learn the basis of inventory valuation.
