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

Building cost of sales

Gross profit, and where it goes next

Closing inventory is one day of a moving level

Margin and mark-up are different fractions

Splitting one expense between two counters

From gross profit to profit for the year

Your turn: the expenses that leave nothing

Closing the books carries profit into capital

One exam question, end to end

1.5 · The statement of financial position

0/10

1.5 · Adjustments: accruals, prepayments and irrecoverable debts

0/10

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

1.5-1.6 · From trial balance to the income statementLesson 6 of 11

Margin and mark-up are different fractions

The same gross profit measured against revenue and against cost gives two different numbers.

Locked

Unlock the rest of Financial Accounting: Foundations and Entity Statements (9706).

From

BDT 0