Description
The assignments included reflect changes and developments in accountancy, together with a wide range of examination questions. The text provides the underpinning knowledge for most accounting foundation courses and aims to cover the requirements of OCR, (Oxford, Cambridge and RSA) Pitman, and LCCI examination boards.Table of Contents: Getting started with the assets, liabilities and capital; opening the double entry accounts in the ledger; the double entry system for sales and purchases; the double entry system for returns; the double entry system for expenses; balancing accounts; the trial balance; separating The accounts into four main ledgers; banking two column cash books; three column cash books and cash discounts; bank cash books; analyzed petty cash book and the Imprest system; bank reconciliation statements; business documents – sales day book; purchases day book; returns day books; value added tax; sales and purchases analyzed day books; trading and profit and loss accounts and balance sheets; further trading and profit and loss accounts; calculating depreciation for fixed assets; double entry system for depreciation; bad debts and provision for bad and doubtful debts; adjustments for final accounts – prepayments and accruals ledger accounts; adjustments in trading, profit and loss account and balance sheet; the journal errors not affecting trial balance agreement; control accounts; capital and revenue expenditure and receipts; reconciling ledger accounts; wages and salaries; stock records; receipts and payments accounts and income and expenditure accounts; continuous balance ledger accounts; specimen examination papers.
