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Introduction to bookkeeping and accounting

June 26, 2021
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Learn about the essential numerical skills required for accounting and bookkeeping. This free course, Introduction to bookkeeping and accounting, explains the fundamental rules of double-entry bookkeeping and how they are used to produce the balance sheet and the profit and loss account.

After studying this course, you should be able to:

understand and apply the essential numerical skills required for bookkeeping and accounting

understand and explain the relationship between the accounting equation and double-entry bookkeeping

record transactions in the appropriate ledger accounts using the double-entry bookkeeping system

balance off ledger accounts at the end of an accounting period

prepare a trial balance, balance sheet and a profit and loss account.