Learn Correction Of Errors in Bookkeeping Accounting
What you'll learn
- Explain the importance and limitations of trial balance in bookkeeping
- Identify errors which do not reveal by trial balance
- To understand different types of errors.
- You will learn the correction of accounting errors in bookkeeping
Requirements
- Basic bookkeeping accounting and motivation to learn.
Description
In this course you will learn Correction of Errors in Bookkeeping and Accounting from basics. Each topic is divided into separate section which will help to understand thoroughly and after completion of each topic you will get quiz. In this course you will get chance to learn each accounting error in detail which will polish your bookkeeping and accounting as a result you will be able to bring trial balance equal. 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?
Trial balance uses, importance and limitations.
Types of accounting errors
How to identify errors?
How to analyze wrong transaction in books?
How to understand the transaction?
How to differentiate between errors which reveal in trial balance and do not reveal in trial balance?
How to correct each error?
What is Suspense account ?
Why suspense account is created in trial balance?
How to prepare suspense account ledger?
After completion of the course student will be able to
Correct and identify accounting errors?
Differentiate between Error of Omission, Error of Commission, Error of Principle, Error of original entry etc.
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.
Instructor
- 4.9 Instructor Rating
- 56 Reviews
- 2,794 Students
- 2 Courses
Arbab Shahzaib, MBA, ACCA is a young motivated educationalist and entrepreneur with exceptional teaching skills. He has more than 10 year's teaching experience with diverse groups globally. Currently, he is working as a faculty member of an educational group in Sharjah.
His teaching approach is simple but practical. His goal of tutoring is to help students overcome academic challenges and lead them to autonomous as well as independent learning. He is skilled in evaluating needs and developing students. Proficient in exam-focused preparation, involvement with students, and leading them to achieve academic goals. He also provides a well balanced educational experience and a real-world perspective in learning.