Bookkeeping- Case Study Day 2

Balancing Off

By the end of the course participants will have had practical exposure to control accounts and trial balances by completing two months of nominal ledger postings for a fictional client, 'Wanda of Whetstone'.

Participants will gain experience of manual bookkeeping through:

• Posting from daybooks into the nominal ledger
• Balancing off account
• Reconciling control accounts with sales and purchase ledger balances
• Extracting a preliminary trial balance

ETB, Journals and Final Accounts

By the end of the course participants will have had practical exposure to the preparation of journals for period-end adjustments (including accruals, prepayments, correction of posting errors, depreciation, a disposal and stock) and completion of an extended trial balance, balance sheet and profit and loss account for a fictional client, 'Wanda of Whetstone'.

Participants will gain experience of manual bookkeeping through:

• Preparing journals for period- end adjustments
• Calculating accruals and prepayments
• Extending a trial balance
• Drafting a trading and profit and loss account and balance sheet