Unit 30

Introductory Accounting

• Double entry bookkeeping - Introduction
• Ledger Accounting
• Balancing the Ledger Accounts
• Credit sales- discounts and VAT
• The sales day book - Main and subsidary ledgers
• The analysed cash receipts book
• Credit purchases - Discounts and VAT
• The purchases day book - Main and subsidary ledgers
• The analysed cash payments book
• Credit Sales: Documents
• The banking system
• Checking receipts
• Banking receipts
• Debtors statements
• Accounting for sales - summary
• Credit purchases: documents
• Making payments
• Payroll procedures
• Accounting for purchases - summary
• Petty cash systems
• Bank Reconciliations
• Ledger balances and control accounts
• Drafting an initial trial balance