Accounting 101: Guide to Business Accounting

Accounting 101: Guide to Business Accounting
Accounting: A comprehensive, easy-to-follow course on bookkeeping and accounting skills geared to business professionals
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What Will I Learn?

• Verifiable Certification of completion
• Book
• Solutions
• Teachers powerpoint slides
• past paper
• An understanding of the accounting equation and the basis of the double-entry book-keeping
• How to prepare journal entries and ledger accounts by using the double-entry system
• How to prepare prime entry records for purchases, sales, returns and cash
• How to prepare journal entries
• How to prepare a Trial Balance and the Final Accounts for sole traders
• an understanding of banking facilities and the operation of the cash book
• How to prepare a Bank Reconciliation Statement
• How to make adjustments for accruals and prepayments in the Final Accounts
• An understanding of the entries necessary for the depreciation of Fixed Assets
• How to make entries relating to the writing off of Bad Debts
• An understanding of the distinction between capital and revenue expenditure
• How to correct errors in the accounts of sole traders
• An understanding of the use of Control Accounts as a check on the Sales and Purchases Ledger