Bookkeeping Introduction
Value Added Tax (VAT)
Bookkeeping fundamentals
Source Ducoments
Inventory
Subsidiary Journals
The General Ledger
The Trail Balance
The Statement of Income
The Statement of Financial Position
Bank Reconciliation
Bookkeeping Introduction
The different types of companies in South Africa.
What is accounting/bookkeeping?
The bookkeeping and accounting cycle.
The accounting equation.
Transactions and accounts.
Value Added Tax (VAT)
What is VAT?
The different VAT categories.
VAT processing.
Calculating VAT.
The mark-up, gross margin and VAT.
Completing the VAT201 report.
Source Ducoments
Source documents.
Receipts.
Deposit books/slips.
Cheque counterfoils.
Petty cash vouchers.
Tax invoices.
Credit notes/returns.
Inventory
Inventory systems.
Costing methods.
Subsidiary Journals
Introduction.
Cashbook journals.
The cashbook receipts journal.
The cashbook payments journal.
Petty cash journals
Creditors and creditors allowances journals.
Debtors and debtors allowances journals.
The general Journals.
Reconciling your journals.
The General Ledger
Different sections of a general ledger.
Posting to the general ledger.
Closing off ledger accounts.
The Trail Balance
Integrated inventory.
Post from your general ledger to your trail balance.
The Statement of Income
Posting to your statement of income.
The Statement of Financial Position
Posting to your statement of financial position.
Bank Reconciliation
Introduction
The bank reconciliation process.
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