Contents

Part A: Basic bookkeeping

1. Assets, liabilities, and the accounting equation

2. Statement of financial position and income statement

3. Recording and summarizing transactions

4. Posting transactions, balancing accounts and the trial balance

Part B: Advanced accounting procedures

5. Accounting concepts and principles

6. Control accounts and the correction of errors

7. Accruals and prepayments, receivables and irrecoverable debts

8. Costs of goods sold and the treatment of inventories

9. Non-current assets and depreciation

10. The accounts of sole traders

11. Extended trial balance

Part C: Incomplete records and other accounts

12. Incomplete records

13. Partnerships