Sunday, 6 November 2011

Friday, 7 October 2011

Depreciation 07/10/11

  • Discussion of terms; fixed asset, revenue expenditure, capital expenditure, infinite life, finite life
  • Concept of depreciation
  • Method 1 - straight line method
  • Method 2 - reducing balance method
  • Sale/disposal of fixed assets - profit/loss

Wednesday, 5 October 2011

Wednesday, 28 September 2011

Two column cash book 28/09/11

  • Extracting cash account and bank account from general ledger into Cash Book
  • Layout of two column cash book
  • Entering transactions into cash book
  • Balancing the cash book
  • Contra entries

Wednesday, 14 September 2011

More double entry 14/09/11

  • Revisiting concept of double entry
  • Entering transactions in ledger accounts
  • Defining Sales Ledger, Purchases Ledger, General Ledger
  • Homework set from sheet handed out in lesson

Friday, 9 September 2011