Basic Bookkeeping Terms and Concepts course gives a basic understanding of manual accounting procedures, debit and credit theory and how to extract accounting transactions from source documents. The recording of transactions using the General Journal, the General Ledger and the preparation of a Trial Balance is also covered. A Practice Exercise is completed at the end of the course, in which the student applies knowledge of bookkeeping concepts mastered in the course. This course provides a general understanding of manual accounting procedures and is especially beneficial for students planning to take a computer accounting program or use computer accounting in the workplace.
Course manual provided for on-going reference. There is a final exam upon completion of the course. Participants who receive 75% or higher on their exam will receive a certificate.
Lesson 1: Terms and Concepts The Accounting Equation; Debits and Credits using TAccounts
Lesson 2: Terms and Concepts Recording transactions using a General Journal; Posting transactions from the General Journal into the General Ledger; Preparing a Trial Balance; The Financial Statements
Lesson 3: Practice Exercise
Review the bookkeeping procedures learned in Lessons 1 and 2 by analyzing, journalizing, and posting transactions; Prepare a Trial Balance