Introduction to bookkeeping and accounting
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Learn the essential numerical skills for accounting and bookkeeping in this free course. Understand double-entry bookkeeping, balance sheets, and profit and loss accounts. Gain the knowledge to record transactions, prepare trial balances, and create balance sheets and profit and loss accounts. Start your journey now!
Learn about the essential numerical skills required for accounting and bookkeeping. This free course, Introduction to bookkeeping and accounting, explains the fundamental rules of double-entry bookkeeping and how they are used to produce the balance sheet and the profit and loss account.
Course learning outcomes
After studying this course, you should be able to:
Understand and apply the essential numerical skills required for bookkeeping and accounting
Understand and explain the relationship between the accounting equation and double-entry bookkeeping
Record transactions in the appropriate ledger accounts using the double-entry bookkeeping system
Balance off ledger accounts at the end of an accounting period
Prepare a trial balance, balance sheet and a profit and loss account.
