Bookkeeping and Basic Accounting
Learn how to record in the journal, post to the ledger and prepare balance sheet and income statement. Its only thru accounting reports you will know whether your business is losing or earning money or profit.
Definition of Bookkeeping and Accounting
Accounting cycle and concept
Double entry bookkeeping system - debit and credit system
The Chart of Accounts
Recording of all accounting transactions in the general journal and posting to the general ledger
Preparation of the worksheet
Preparation of trial balance, adjusting entries, adjusted trial balance sheet and income and expense statement.
Preparation of closing entries