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Ledger accounting and double entry (Accounting for VAT (What is VAT?, How…
Ledger accounting and double entry
Double entry bookkeeping
Dual effect (duality concept)
The rules of double entry bookkeeping
Double entry for cash transactions
Double entry for credit transactions
Ledger accounts
Why do we need ledger accounts?
The journal
What are journal entries used for?
Journal entries to correct errors
The nominal ledger
What is the nominal ledger used for?
The format of a ledger account
The petty cash imprest system
Double entry for petty cash transactions
The receivables and payables ledger
Nominal ledger accounts and personal accounts
Receivables ledger
Payables ledger
Control accounts for the receivables and payables ledgers
Day book analysis
How are day books posted?
Accounting for discounts
Trade discount
Cash discount
Accounting for trade discount
Accounting for cash discount received
Accounting for cash discount allowed
Accounting for VAT
What is VAT?
How is VAT collected?
Registered and non-registered persons
Accounting for VAT
VAT and discounts
VAT and irrecoverable debts
Summary of accounting entries for VAT
Calculating VAT from a gross amount
The use of Information Technology in modern accounting
The use of IT in modern accounting
Accounting packages
Purchase and sale systems
Effect of technology on the accounting profession
Cloud accounting