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Book 2 Essentials of Double-entry accounting - Coggle Diagram
Book 2 Essentials of Double-entry accounting
Chapter 1 Double-entry bookkeeping
The essential concepts behind double-entry bookkeeping
The business entity concept
The accounting equation
Assets = Capital + Liabilities
The duality concept
The first rules of double-entry bookkeeping
Chapter 2 Trial balance and balance sheet
Balancing off accounts**
and preparing a trial balance**
Balance sheet
Chapter 3 Income statement
Profit measurement
The difference between profit and cash
The effect of profit on the accounting equation
Calculating gross profit
Posting to the general ledger
Valuing inventory
Carriage and discounts
Chapter 4 Linking the income statement to the balance sheet
The extended trial balance
Using a spreadsheet to prepare an extended trial balance
Using a spreadsheet to produce financial statements
Copying information from spreadsheets into Word