This resource is part of an introduction to Bookkeeping or Double entry accounting (Other topics could include the History of Bookkeeping, The need for Bookkeeping, etc).
It consists of six pages which include definitions of key terms, example scenarios, with exercises to test and foster understanding:
- Accounting Equation gap question
- Classifying items as Assets or Liabilities
- Calculating owners’ capital
- Completing a simple Balance sheet
- Analysing business transactions as assets, liabilities or capital
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£1.50