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London Chamber of Commerce and Industry (LCCI) International Qualifications are provided by EDI, a leading international awarding body.
Passport to Success
Level 1 Book-keeping
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TABLE OF CONTENTS
1. 2. 3. 4.
The Accounting Equation and the Balance Sheet Double entry system for assets, liabilities and capital Recording double entry for stock The double entry system for Expenses and Revenues and the Effect of Profit (or loss) and drawings upon capital
1 4 7 11
5. 6. 7. 8. 9.
Balancing accounts and the Trial Balance Trading and Profit & Loss Accounts: An introduction The Balance Sheet Final Accounts with further considerations The Division of the Ledger and Books of Original Entry
16 25 28 31 38 39 41 44 48 53 56 59 62 68 71 75 77 81 82
10. Bank Facilities 11. Cash Books 12. The Sales and