Accounting

IGCSE · 22 topics available

Chapter 1 · Introduction to Accounting

Introduction to Accounting

The purpose of accounting and the accounting equation (Assets = Capital + Liabilities) — with an interactive exercise.

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Chapter 2 · Double Entry Book-keeping – Part A

Double Entry Book-keeping – Part A

The rules of double entry — debits and credits — and how transactions are recorded in ledger accounts, with an interactive exercise.

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Chapter 3 · The Trial Balance

The Trial Balance

Listing ledger balances to check the double entry, and which balances are debits or credits — with an interactive exercise.

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Chapter 4 · Double Entry Book-keeping – Part B

Double Entry Book-keeping – Part B

Returns, trade and cash discounts, and the division of the ledger — with an interactive exercise.

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Chapter 5 · Petty Cash Books

Petty Cash Books

Recording small cash payments and the imprest system — with an interactive exercise.

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Chapter 6 · Business Documents

Business Documents

Invoices, credit notes, statements and receipts as the source of accounting entries — with an interactive exercise.

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Chapter 7 · Books of Prime Entry

Books of Prime Entry

The day books, cash book and general journal where transactions are first recorded — with an interactive exercise.

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Chapter 8 · Financial Statements – Part A

Financial Statements – Part A

The income statement — gross profit, net profit and cost of sales — with an interactive exercise.

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Chapter 9 · Financial Statements – Part B

Financial Statements – Part B

The statement of financial position and year-end adjustments — with an interactive exercise.

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Chapter 10 · Accounting Rules

Accounting Rules

The key accounting principles that keep financial statements reliable and comparable — with an interactive exercise.

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Chapter 11 · Other Payables and Other Receivables

Other Payables and Other Receivables

Year-end adjustments — accrued and prepaid expenses and income — and where they sit in the balance sheet, with an interactive exercise.

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Chapter 12 · Depreciation and Disposal of Non-Current Assets

Depreciation and Disposal of Non-Current Assets

The straight-line and reducing-balance methods, net book value, disposal, and the double entry — with an interactive exercise.

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Chapter 13 · Irrecoverable Debts and Provisions for Doubtful Debts

Irrecoverable Debts and Provisions for Doubtful Debts

Writing off irrecoverable debts, creating and adjusting a provision for doubtful debts, and showing receivables net — with an interactive exercise.

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Chapter 14 · Bank Reconciliation Statements

Bank Reconciliation Statements

Explaining the difference between the cash book and bank statement balances — with an interactive exercise.

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Chapter 15 · Journal Entries and Correction of Errors

Journal Entries and Correction of Errors

Using the general journal to correct errors, and the errors that do not affect the trial balance — with an interactive exercise.

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Chapter 16 · Control Accounts

Control Accounts

Sales and purchases ledger control accounts that check the ledgers — with an interactive exercise.

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Chapter 17 · Incomplete Records

Incomplete Records

Finding profit and missing figures when full double-entry records are not kept — with an interactive exercise.

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Chapter 18 · Accounts of Clubs and Societies

Accounts of Clubs and Societies

Receipts and payments, income and expenditure accounts for non-profit organisations — with an interactive exercise.

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Chapter 19 · Partnerships

Partnerships

Profit sharing, appropriation accounts, and partners' capital and current accounts — with an interactive exercise.

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Chapter 20 · Manufacturing Accounts

Manufacturing Accounts

Prime cost, factory overheads and the cost of production for businesses that make goods — with an interactive exercise.

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Chapter 21 · Limited Companies

Limited Companies

Shares, dividends, limited liability, and authorised vs issued capital — with an interactive exercise.

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Chapter 22 · Analysis and Interpretation

Analysis and Interpretation

Using ratios — profitability and liquidity — to interpret a business's performance, with an interactive exercise.

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