The Double Entry System Of Book-keeping
Akopọ
Every business transaction has two sides. When a shop buys a delivery van it gains a van but parts with money; when it borrows from a bank it gains cash but takes on a debt. The double entry system of book-keeping is the elegant idea that we record both sides of every transaction, once as a debit and once as a credit, in separate ledger accounts. Because the two sides are always equal, the books stay permanently in balance and the whole accounting framework is built on this single, dependable rule.
In this lesson you will learn how a ledger account is laid out, how to decide which account to debit and which to credit, and how to balance an account at the end of a period. You will post real transactions for assets, liabilities, expenses, income, drawings, purchases, sales and returns, then see how the ledger is divided into the sales, purchases and nominal ledgers. These are the foundation skills that every later topic in the course quietly depends on.
Awọn Afojusun
- the double entry system of book-keeping.
- how to prepare ledger accounts.
- how to post transactions to the ledger accounts.
- how to calculate ledger account balances and make transfers to financial statements.
- how to interpret ledger accounts and their balances.
- ledger accounts that may be presented using a three-column running balance format.
- the division of the ledger into the sales ledger, the purchases ledger and the nominal (general) ledger.
- how ledger accounts can be kept digitally.
Akọ̀wé Ẹ̀kọ́
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
Ìdánwò Ẹ̀kọ́
Oriire fun ipari ẹkọ lori The Double Entry System Of Book-keeping. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.
Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.
Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.
- In the double entry system, the account that receives value is: A. Credited B. Debited C. Balanced D. Carried down Answer: B
- A business buys a motor vehicle and pays by cheque. The correct entry is: A. Debit Bank, credit Motor vehicle B. Debit Motor vehicle, credit Bank C. Debit Motor vehicle, credit Capital D. Debit Purchases, credit Bank Answer: B
- Which ledger contains the personal accounts of credit customers? A. Nominal ledger B. Purchases ledger C. Sales ledger D. General ledger Answer: C
- A cash account has debits totalling $1 500 and credits totalling $900. The balance brought down is: A. $600 credit B. $2 400 debit C. $600 debit D. $900 debit Answer: C
- Goods taken by the owner for personal use are recorded as: A. Sales B. Purchases C. Drawings D. Capital Answer: C
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
Awọn Iwe Itọsọna Ti a Gba Nimọran
Ṣe Adaṣe Awọn Ibeere Idanwo Adaṣe
Ṣe o fẹ ṣe adaṣe awọn ibeere idanwo adaṣe nipa The Double Entry System Of Book-keeping? Ṣe igbasilẹ ohun elo Green Bridge CBT lati wọle si awọn ibeere idanwo adaṣe ati awọn ayẹwo adaṣe kikun fun koko-ọrọ yii.
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