This week’s topics
Cash and Bank Prime Records
- Two-column and three-column Cash Books
- Petty cash vouchers
- Operating the imprest system
- Recording electronic and bank transactions
- Accounting 1: Program #26 - "Internal Control and Petty Cash"
- How is the financial system changing in a digital era?
What you will be able to do
- 2.1 Describe principal source documents and Books of Prime (Original) Entry used to record financial transactions.
- 2.2 Prepare principal source documents and Books of Prime (Original) Entry for business transactions.
Activity
Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: describe principal source documents and Books of Prime (Original) Entry used to record financial transactions.
Study materials
Videos
- Accounting 1: Program #26 - "Internal Control and Petty Cash" · YouTube · JCCCvideo · 49 min · for registered students
- How is the financial system changing in a digital era? · Oak National Academy, Key Stage 4 (GCSE level) · for registered students
Further resources
- Introduction to Financial Accounting, Lyryx 2023-A, ch. 7: Cash and Receivables · PDF · Other, textbook chapter; pp. 263–306 · for registered students
- Principles of Accounting, Volume 1: Financial Accounting, ch. 8: Fraud, Internal Controls, and Cash · PDF · OpenStax, textbook chapter; pp. 495–536 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
