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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Returns inwards and returns outwards

The cash book, and a contra entry

Trade discount and cash discount

Petty cash and the imprest system

The general journal and its narrative

The February sprint

Exam practice: a new business

Books of prime entry: quick revision

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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2.2-2.3 · Books of prime entry: list first, then postLesson 5 of 10

Trade discount and cash discount

One discount never reaches the books at all. The other splits a settlement into three lines.

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