O Level Accounting: Foundations (7707)

Previous Next

Course content

90 lessons

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

0/10

2.1 · Double entry: the two sides of every transaction

0/12

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

0/10

3.1-3.2 · The trial balance

0/7

3.3 · Bank reconciliation

0/9

3.4 · Sales and purchases ledger control accounts

0/9

5.1 · The income statement: working out profit

0/9

5.1 · The statement of financial position

0/9

4.1-4.5 · Year-end adjustments

0/15

Capital or revenue: what did the payment create?

Preview7m

Why depreciation exists

Preview7m

Straight-line depreciation

Reducing-balance depreciation

Disposal of a non-current asset

Accrued expenses

Prepaid expenses

Income earned is not always cash received

Irrecoverable debts

The allowance for irrecoverable debts

Inventory at the lower of cost and net realisable value

Putting the adjustments together

10m

The year-end sprint

Exam practice: a new business

10m

Year-end adjustments: quick revision

4.1-4.5 · Year-end adjustmentsLesson 7 of 15

Prepaid expenses

Mr Hossain is paid a month of rent too early. What is paid but not yet used is an asset, not an expense.

Locked

Unlock the rest of O Level Accounting: Foundations (7707).

Every lesson, every resource, unlocked instantly.
Track progress and pick up where you left off.
Free preview lessons stay readable from the outline.

From

BDT 0

Enrol now