Basics of Financial Accounting
Debit, Credit, Credit, Debit... Are you also confused with the debits and credits in accounting!? Don't worry, this FREE short course is all you need!
In this course, you will learn about the basics of financial accounting.
You will learn:
1. The difference between management accounting and financial accounting
2. Definition of assets, liabilities & Equity
3. The accounting equation
4. Source documents, journals & ledgers
5. Basics of double entry bookkeeping, how to record transactions in ledger accounts and how to balance ledger accounts.
6. Meaning and purpose of a Trial Balance
7. How to prepare a Trial Balance
8. Errors that affect & those that do not affect the Trial Balance