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.

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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


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