The General Journal: Non-Routine Transactions and Opening Entries

Books of Prime Entry and the Double-Entry Ledger

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Draft structured general journal entries with narrations for opening balances, capital injections, purchase and sale of non-current assets on credit, and bad debt write-offs.

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Books of Prime Entry and the Double-Entry Ledger

11th Grade · UK A-Level

7 lessons

Goal

Record transactions from source documents through subsidiary books of prime entry into nominal ledger accounts and extract a trial balance.

7 lessons

0 of 7 done

Source Documents in Accounting: Invoices, Credit Notes, and Payment VouchersUp next
Recording in Specialist Day Books: Sales, Purchases, and Returns BooksNot started yet
The Two-Column and Three-Column Cash Book with DiscountsNot started yet
The General Journal: Non-Routine Transactions and Opening EntriesYou are here
Posting from Books of Prime Entry to the General LedgerNot started yet
Balancing Ledger Accounts and Extracting the Trial BalanceNot started yet
Double Entry Bookkeeping and the Trial BalanceNot started yet

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Learning standards covered

ACC-3.1General Certificate of Education Advanced Level (UK A-Level) · Accounting · 11th Grade

the double entry accounting system including: the recording of transactions from source documents in books of prime entry and ledger accounts; transferring accounts to income statements; balancing accounts and the preparation of statements of financial position

ACC-3.4General Certificate of Education Advanced Level (UK A-Level) · Accounting · 11th Grade

prepare and understand accounting records based on source documents and use the main subsidiary books and ledger accounts