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.
Content material
Introduction
Part 2 : A Temporary Define
The Idea of Double Entry
Accounts
The Recording of Transactions
Examples of T Account Transactions
Recording Conventions and the Trial Steadiness
Account Groupings
Accounting Statements
Monetary Statements
Instance of a Buying and selling Account
Inventory
Administering Inventory
Management of Inventory
Accounting Entries for Closing Inventory
What’s a Revenue and Loss Account?
What’s a Steadiness Sheet?
The Construction of a Bookkeeping System
Major Books of Account
The Petty Money E book
Journals
Worth Added Tax
The Auto Steadiness ‘One-book’ Accounting System (ABACUS)
Now… for the true take a look at – A working instance
Solutions
Congratulations!!
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