What I'll learn
Preparing, checking and understanding the use of various documentation including invoices, statements, credit notes, cheques and cash requisition vouchers. Preparation and checking includes calculating tax, trade discount, settlement discount, prices and price extensions.
Entering invoices and credit notes into the books of original entry including sales day book, purchase daybook, sales return daybook and purchase return daybook. Posting the day book totals into the various ledger accounts.
Recording two and three column cash book transactions. Updating a cash book from details appearing on a bank statement and preparing a bank reconciliation statement taking into consideration unpresented cheques, returned cheques, outstanding lodgements, direct debits, standing orders, direct credits, and other direct payments.
Complete a petty cash sheet using the imprest system.
Balancing ledger accounts, bringing down the balance for the following period.
Extracting a trial balance from the ledger accounts.
How I'll learn