Overview
State the meaning of double entry book-keeping Analyze events and transactions using double entry system; Match every debit entry with corresponding credit entry Identify accounts to be credited and accounts to be debited Post from journals to ledgers Classify types of accounts
What you'll learn
- Meaning of double entry Book-keeping
- Double entry treatment of assets
- Double entry treatment of liabilities
- Double entry treatment of expenses
- Meaning of journals
- Meaning of Ledgers
- Classes of ledger
- Classification of accounts:
- i. Real
- ii. Nominal
- iii. Personal
- iv. Impersonal