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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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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The purchases ledger control account

Reconciling to the list of balances

A credit balance in the sales ledger

Contra entries between the two ledgers

The control account sprint

Sales and purchases ledger control accounts: exam question

Control accounts: quick revision

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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3.4 · Sales and purchases ledger control accountsLesson 5 of 9

A credit balance in the sales ledger

Delwar Store overpays by mistake. What a credit balance in a receivables ledger means, and how it is shown.

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