Accounting and Bookkeeping Essential Skills

Accounting and Bookkeeping Essential Skills

After completing the Accounting and Bookkeeping Essential Skills course:

• you will know double entry bookkeeping and be able to record double entry bookkeeping transactions

• you will be able to balance the bank nominal (general) ledger account

• you will know how a trial balance is produced

• you will know the composition of the nominal (general) ledger account

• you will know the composition of the sales ledger

• you will know the composition of the purchases ledger

• you will be able to enter transactions into the sales journal (sales day book)

• you will be able to enter the double entry transactions relating to credit sales

• you will be able to enter transactions into the purchases journal (purchases day book)

• you will be able to enter the double entry transactions relating to credit purchases

• you will be able to enter transactions into the sales returns journal (sales returns day book)

• you will be able to enter the double entry transactions relating to credit sales returns

• you will be able to enter transactions into the purchases returns journal (purchases returns day book)

• you will be able to enter the double entry transactions relating to credit purchases returns

• you will be able to prepare analysed subsidiary journals (subsidiary day books)

• you will be able to enter transactions into a cash book

• you will be able to balance a cash book

• you will be able to identify outstanding bank receipts (lodgements) in a cash book

• you will be able to identify outstanding (unpresented) cheques in a cash book

• you will be able to perform a bank reconciliation

• you will be able to prepare an Income Statement (Profit and Loss account) for a sole trader from a trial balance

• you will be able to prepare a Statement of Financial Position (Balance Sheet) for a sole trader from a trial balance

Double entry bookkeeping simplified. Learn how to prepare an Income Statement and a Statement of Financial Position.

Url: View Details

What you will learn

• You will understand double entry bookkeeping and be able to record double entry bookkeeping transactions
• You will be able to balance the bank nominal (general ledger) account
• You will understand how a trial balance is produced

Rating: 3.95

Level: All Levels

Duration: 1.5 hours

Instructor: James Shields