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Double Entry Bookkeeping
Rating: 4.1 out of 5(81 ratings)
628 students

Double Entry Bookkeeping

In this course we will follow some simple steps which explains the concepts of double entry bookkeeping easily & quickly
Created byRuth McDougall
Last updated 6/2016
English

What you'll learn

  • By the end of this course students will understand and be able to produce a simple set of accounts up to the trial balance stage.

Course content

1 section • 10 lectures • 53m total length

  • Introduction3:29
  • What is Bookkeeping2:19
  • Business Transactions3:55
  • Basic Accounting Principles7:48
  • Business Documentation12:13
  • Types of Ledger Accounts5:37
  • Ledger Account Layout1:24
  • Ledger Account Entries8:19
  • Balancing Ledger Accounts3:46
  • Trial Balance4:19

    Discover how double entry bookkeeping uses a trial balance to verify equal debits and credits and how to prepare a three-column worksheet showing asset, liability, capital, income, and expense balances.

Requirements

  • This course is for complete beginners. No previous Bookkeeping experience or software packages required for this course

Description

There is a lot of mystery surrounding double entry bookkeeping, in this course we will follow some simple steps which explains the concepts of double entry bookkeeping easily and quickly. 

In this course we will cove:
  • What is bookkeeping?
  • Business Transactions
  • Basic Accounting Principles
  • Business Documentation
  • Types of Ledger Accounts
  • The Ledger Account Layout
  • Making entries into Ledger Accounts
  • Balancing Ledger Accounts
  • The Trial Balance


The course should only take about an hour to complete and by the end of this course students will understand and be able to produce a simple set of accounts up to the trial balance stage.


Who this course is for:

  • • Those self-employed individuals looking to learn how to do their own bookkeeping, this course provides the basic knowledge to produce a set of accounting books up to the trial balance stage. If you want to really understand the financial performance and financial position of your business then a knowledge of double entry bookkeeping is very useful, it can also help you save on the cost of your accountants fees. • Those considering a career in finance, this course provides a free and easy way for students decide if a career in finance would be for them. • This course will provide excellent revision material for those already studying a recognised bookkeeping course:

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