Introduction to bookkeeping and accounting
£1.50
Learn about the essential numerical skills required for accounting and bookkeeping. This ebook, 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.
After reading this ebook, 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; and prepare a trial balance, balance sheet and a profit and loss account.
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Additional information
| Publisher | The Open University (3 Feb. 2023) |
|---|---|
| Language | English |
| File size | 7750 KB |
| Text-to-Speech | Enabled |
| Screen Reader | Supported |
| Enhanced typesetting | Enabled |
| X-Ray | Not Enabled |
| Word Wise | Enabled |
| Sticky notes | On Kindle Scribe |
| Print length | 104 pages |
by My opinion
Setting up a business. This should help to understand the bookkeeping?
n.b. Most business owners would still have troubles processing accounts.
I think “Companies House allow “Microentities to submit a Valance Sheet, or an Income & Expenditure Statement (Profit & Loss Statement every year). Acccurate “Books” are hard to maintain, and it continues years after a limited company goes down.. It can prove expensive. But, a “Dormant company” might be okay, if an “Acid Test” (Liquidity of a firm) is good, and Liquidation is avoidable.? I’m no expert. So, do your own research?