Learn Bookkeeping on Fast track (Step by Step Learning)

Name: Learn Bookkeeping on Fast track (Step by Step Learning)
Rating: 4.3 (56 reviews)

Learn basic Bookkeeping and become accountant of your own business.

Created byArbab Shahzaib

Last updated 6/2024

English

English [Auto],

What you'll learn

Introduction of Accounting.
Relationship between Bookkeeping and Accounting.
Understand 5 head of Accounts to understand bookkeeping
How to record business transactions in General Journal.
How to use double entry bookkeeping?
How to create Ledger accounts?
How to balance off the individual ledger accounts
How to prepare Trial Balance.
How to identify and remove errors from trial balance?

Course content

5 sections • 7 lectures • 1h 4m total length

Introduction To Bookkeeping6:24
Learn the basics of bookkeeping as the recording of all financial transactions, using debit and credit to reflect the dual impact across assets, liabilities, capital, expenses, and revenue.

Understanding Double Entry7:16
Master the double-entry system by posting transactions using debit and credit rules across assets, expenses, liabilities, and revenues; practice with cash at startup, cash purchases, and credit purchases from suppliers.
Understanding Double Entry Part 24:36
Understand double-entry by tracing cash sales, where sales increase revenue on the credit side and cash increases on the debit side, and see how purchases returns affect liabilities.
Understanding Double Entry Part 37:39
Understand double-entry bookkeeping by tracing credit and debit effects on liabilities, purchases on credit, purchase returns, sales on credit, and cash payments and receipts.
Understanding Double Entry Bookkeeping
Double Entry Bookkeeping Practice Exercise

Requirements

Only motivation to learn.

Description

In this course you will learn Bookkeeping and Accounting from basics. Each topic is divided into several sections which will help to understand thoroughly and after completion of each topic you will get quiz. This course is combination of theory and practical this means that you will be learning by practice during lectures. This course is ideal for anyone who wants to obtain a good grounding knowledge in Bookkeeping and financial accounting. If you want to become pro in Bookkeeping so try to practice all the activities after each lecture. It would help you a lot and you can achieve your target.

What will we learn?

Financial Accounting
Bookkeeping
5 head of accounts
Accounting equation
How to classify the business transactions.
How to prepare ledgers and T accounts?
How to bring balances in Trial Balance?
What are the items of income statement?
How to calculate cost of sales or cost of goods sold?
How to calculate Gross Profit and Net Profit?
How to design Income Statement for your business?
What is working capital?
How to classify assets and liabilities in balance sheet?
How to prepare Balance Sheet for your business?

After completion of the course student will be able to
create double entry from business transactions.
differentiate between Asset, liability, Expenses, Income and Capital
interpret and understand the financial statements.

Who this course is for:

Self employed who wants to keep business records using Bookkeeping
Students who want to have a quick revision for Bookkeeping
Students who have just started accounting in school and college

Learn Bookkeeping on Fast track (Step by Step Learning)

What you'll learn

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Course content

Introduction1 lecture • 6min

Learning Five Head Of Accounts1 lecture • 10min

Understanding Double Entries Bookkeeping3 lectures • 20min

How to make T accounts?1 lecture • 21min

How to prepare Trial Balance?1 lecture • 8min

Requirements

Description

Who this course is for: