Grade 10
Accounting
0/5 Topics completed
Bookkeeping
- 01Accounting equationA cash purchase swaps one asset for another. Owner's equity does not change, and no liability is created.
- 02Journals and source documentsThe source document chooses the journal. Cash in, cash out, credit sale and credit note are four different books.
- 03General ledger and trial balancePost each entry to the ledger, then the trial balance must have equal debit and credit totals.