Abacus Auto Balance Accounting System

Destiny For Everything


Accounting Made Straightforward – Double Entry Bookkeeping

What you’ll study

Bookkeeping

Primary accounting

Enterprise Ledgers

Steadiness Sheets

Description

Welcome to the ABACUS Auto Steadiness Accounting System Bookkeeping Course.

In lower than an hour you’ll study the straightforward guidelines and sensible purposes of bookkeeping that can be utilized to run both giant or small companies.

Following the course materials supplied as a downloadable PDF reference, we begin with a short define of the ideas of bookkeeping and can cowl all of the fundamentals associated to accounting and double entry bookkeeping.

With loads of examples all through the course, we are going to present you the way the construction of a bookkeeping system works and you can be taught learn how to report transactions and draw up and browse monetary statements.

Additionally coated on this course are the completely different accounts and journals, revenue and loss accounts, petty money books, inventory and inventory management, stability sheets and if relevant to your nation of enterprise residence we cowl the fundamentals of worth added tax.

We have now supplied an Excel spreadsheet that you need to use for the given working instance which you’ll be able to take a look at your data with on the finish of the course and we then undergo the solutions line by line

You’ll be able to then apply these elementary expertise and efficiently run any giant or small real-world enterprise.

English
language

Content material

Introduction

Introduction

Part 2 : A Temporary Define

A Temporary Define

The Idea of Double Entry

The Idea of Double Entry – Debit and Credit score

Accounts

Accounts

The Recording of Transactions

The Recording of Transactions

Examples of T Account Transactions

Examples of T Account Debit and Credit score Transactions

Recording Conventions and the Trial Steadiness

Recording Conventions and the Trial Steadiness

Account Groupings

Account Groupings

Accounting Statements

Accounting Statements

Monetary Statements

Monetary Statements

Instance of a Buying and selling Account

Instance of a Buying and selling Account

Inventory

Inventory

Administering Inventory

Administering Inventory

Management of Inventory

Management of Inventory

Accounting Entries for Closing Inventory

Accounting Entries for Closing Inventory

What’s a Revenue and Loss Account?

What’s a Revenue and Loss Account?

What’s a Steadiness Sheet?

What’s a Steadiness Sheet?

The Construction of a Bookkeeping System

The Construction of a Bookkeeping System

Major Books of Account

Major Books of Account

The Petty Money E book

The Petty Money E book

Journals

Journals

Worth Added Tax

Worth Added Tax

The Auto Steadiness ‘One-book’ Accounting System (ABACUS)

The Auto Steadiness ‘One-book’ Accounting System (ABACUS)

Now… for the true take a look at – A working instance

Now… for the true take a look at – A working instance

Solutions

Solutions

Congratulations!!

Congratulations!!

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