Course content

90 lessons

1.1-1.2 · What accounting is for, and the accounting equation

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2.1 · Double entry: the two sides of every transaction

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Buying and selling on credit

Goods to sell, or an asset to keep

Settling a debt is not an expense

Expenses and drawings

The January sprint

Month end: compound entries

10m

Three-column running-balance accounts

Balancing off an account

Exam practice: a new business

Double entry: quick revision

2.2-2.3 · Books of prime entry: list first, then post

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3.1-3.2 · The trial balance

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3.3 · Bank reconciliation

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3.4 · Sales and purchases ledger control accounts

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5.1 · The income statement: working out profit

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5.1 · The statement of financial position

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4.1-4.5 · Year-end adjustments

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2.1 · Double entry: the two sides of every transactionLesson 10 of 12

Balancing off an account

Close the cash account at 31 January: c/d on the smaller side, equal totals, b/d where the balance really is.

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