LCCIAccountingFirstLevel笔记VIP专享VIP免费

LCCI First Level Revision Notes Page 1 of 1 LCCI First Level Revision Notes 1. Double Entry, Ledger, P/L Account and B/S Ch 1 The Accounting Equation Ch 2 Transaction through Double Entry Ch 3 Purchases and Sales Ch 4 Expenses : Profit or Loss Ch 5 Balancing Accounts : the Trial Balance Ch 6 Trading and Profit and Loss Accounts Ch 7 The Balance Sheet Ch 8 Final accounts : more features 2. Cash Book and Day Book Ch 9 The Division of the Ledger Ch 10 Bank Facilities Ch 11 Cash Book : two columns Ch 12 Cash Book : three columns – cash discount Ch 13 Day Books : Sales Day Book Ch 14 Returns Day Books Ch 19 Petty Cash Book : Imprest System 3. Adjustments Before Final Accounts Ch 15 Accruals and Prepayments Ch 16 Depreciation of Fixed Assets Ch 17 Bad Debts and Provision for Doubtful Debts Ch 18 Bank Reconciliation Statements Ch 20 Capital and Revenue Expenditure Ch 21 The Journal Ch 22 Errors in the Accounts Ch 23 Final Accounts and Adjustments further considered 4. Miscellaneous Ch 24 Club and Society Accounts LCCI First Level Revision Notes Page 2 of 2 LCCI First Level Revision Notes Ch. 1 The Accounting Equation A = L + OE Balance Sheet => at a moment in time Format of B/S B/S at 20X3 Purchase 200 Capital 500 Cash 700 Loan 200 Creditor 200 900 900 Ch. 2 Transaction Through Double Entry Ledger should include date, description and amount Ch. 3 Purchases and Sales Purchase : goods bought with the intention of selling them Purchase on credit A(+) Purchase on cash Sales for cash A(-) Sales on credit Purchase return (return outward) - Good returns to supplier Dr Cr A(+) L(-) OE(-) A(-) L(+) OE(+) Bank May 1 Capital 5000 Purchase John 100 John (Creditor) Purchase 100...