Complete Practical Bookkeeping

Description

In this course, you will :

• Business documents and transactions must be identified.
• Using the concepts to perform double entry bookkeeping.
• Understanding the distinctions between various types of entities.
• Understanding the distinctions between various types of accounts.
• Understanding the importance of VAT and how to account for it.
• Describe the impact of various forms of payment on an organization's bank balance.
• Discuss the payroll function's role in the business.
• Examine the business Cashbook and Petty cash to see how they are kept.
• Determine the possibility of errors occurring and the need for the journal to correct these errors.
• Examine VAT, how it works, and who is affected by it.
• Discuss how returns of goods are handled from the standpoints of both the seller and the buyer.
• Define accounting terms such as capital income, capital expense, revenue income, and revenue expense.

Syllabus :

• Introduction to Accounting and the Accounting System
• Accounting Transactions: Further Considerations
• Controls within an Accounting System
• Other Accounting Functions: Payroll and Banking