O Level 7707 Accounts - IGCSE 0452 Accounting ARD Urdu/Hindi

This Course is for someone who wants to learn basics of Accounting including Double Entry System, Difference between Debit and Credit, Learn how to make Journal Entries for Assets, Liabilites, Capital, Income and Expenses. Source Documents i.e. Documentary Records, Books of Original Entry, Ledgers, Trial Balance, T Accounts, Trade Discount v Cash Discount, Effect on Capital etc

The aims of this course are to enable students to develop:

• knowledge and understanding of the principles and purposes of accounting for individuals, businesses, non-trading organisations and society as a whole

• an understanding of accounting concepts, principles, policies, techniques, procedures and terminology

• improved skills of numeracy, literacy, communication, enquiry, presentation and interpretation

• improved accuracy, orderliness and the ability to think logically

• an excellent foundation for advanced study

Content overview

The fundamentals of accounting

This section introduces the subject by explaining the difference between book-keeping and accounting. The role of accounting in providing information and the purposes of measuring business profit and loss are also explored. Basic accounting terms and the accounting equation are introduced

Sources and recording of data

The core topic of this section is the double entry system of book-keeping and how this is applied in the preparation of ledger accounts. The division of the ledger is considered. Business documents and their use as sources of information are also included. Consideration is given to the procedures for processing information in books of prime entry.

Curriculum

1 The fundamentals of accounting
1.1 The purpose of accounting
1.2 The accounting equation

2 Sources and recording of data
2.1 The double entry system of book-keeping
2.2 Business documents
2.3 Books of prime entry

3 Verification of accounting records
3.1 The trial balance