Course content

90 lessons

1.2 · The accounting equation and the double-entry rule

0/10

1.2, 1.4 · Books of prime entry and the ledger

0/10

1.5-1.6 · From trial balance to the income statement

0/11

1.5 · The statement of financial position

0/10

1.5 · Adjustments: accruals, prepayments and irrecoverable debts

0/10

The prepayment entry

From cash paid to the charge for the year

Rent accrues evenly, payments do not

An accrual creates a liability

Irrecoverable debts and the allowance

Every adjustment appears twice

Your turn: the charge for the year

One exam question, end to end

1.3 · Depreciation of non-current assets

0/10

1.1, 1.5, 3.1 · Sole trader, partnership and limited company

0/10

1.6, 3.5 · Ratio analysis and interpreting the statements

0/9

1.4 · Sales and purchases ledger control accounts

0/5

1.5 · Incomplete records

0/4

3.1 · Clubs and societies

1.5 · Adjustments: accruals, prepayments and irrecoverable debtsLesson 1 of 10Free preview

An expense is not a payment

Predict the charge for the year when the December bill has not been paid yet.