This week’s topics
Preparing Books of Prime Entry
- Entering transactions into day books
- Balancing the Cash Book and Petty Cash Book
- Making opening and adjustment entries in the Journal
- Verifying arithmetic accuracy
What you will be able to do
- 2.2 Prepare principal source documents and Books of Prime (Original) Entry for business transactions.
Activity
Seminar, guided reading and a short written task: prepare principal source documents and Books of Prime (Original) Entry for business transactions.
Study materials
Videos
- Accounting 1: Program #26 - "Internal Control and Petty Cash" · YouTube · JCCCvideo · 49 min · for registered students
- Accounting 1: Program #8 - "Journal Entries and the Trial Balance" · YouTube · JCCCvideo · 47 min · for registered students
- Accounting 1: Program# 11 - "Adjusting Journal Entries" · YouTube · JCCCvideo · 49 min · for registered students
- Accounting 1: Program #12 - "Adjusting Journal Entries" · YouTube · JCCCvideo · 49 min · for registered students
- Accrued Revenue MADE EASY | Adjusting Entries · YouTube · Accounting Stuff · 9 min · for registered students
- Deferred Revenue Explained | Adjusting Entries · YouTube · Accounting Stuff · 10 min · 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 Vol. 1, ch. 6.3–6.4: Recording purchases, sales and returns · PDF · OpenStax, textbook chapter; pp. 347–359 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
