Unit 30 Introductory Accounting
Course Summary
This unit relates to the role of processing accounting documents and leads to the production of an initial trial balance. There are three elements contained within the unit:
- Process sales and receipts
- Process purchases and payments
- Process petty cash, reconcile accounts and prepare an initial trial balance
The first element involves processing sales invoices and credit notes, recording receipts, producing statement of accounts and making the relevant accounting entries.
The second element requires the checking of purchase invoices and credit notes, recording of payments, including to employees, then making the relevant accounting entries.
The final element involves the control of the petty cash process, making adjustments and reconciling control accounts, reconciling the bank statement and producing an initial trial balance.
