Accounting Operations

Catering and Accommodation Management · Level 6  ·  4 Chapters

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Chapters

What Accounting Operations covers: 17 main topics in 4 chapters

1. Apply accounting equations

  1. 1.1 Definition of terms
  2. 1.2 Identify accounting principles include
  3. 1.3 Explain accounting equation
  4. 1.4 Identify financial records
  5. 1.5 Explain the importance of financial records in hospitality industry

2. Apply double entry and ledger system

  1. 2.1 Definition of terms
  2. 2.2 Transactions recorded in ledger accounts

3. Balance accounts and extract trial balance

  1. 3.1 Balancing off accounts
  2. 3.2 Extract credit and debit balances
  3. 3.3 Trial balance is prepared.
  4. 3.4 Prepare balance sheet
  5. 3.5 Purpose of trail balance

4. Prepare final books of accounts

  1. 1.1 Books of original entry
  2. 1.2 Prepare general journal accounts
  3. 1.3 Prepare income statement
  4. 1.4 Prepare statement of financial positions
  5. 1.5 Identify purpose of final books of account

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Beyond the syllabus

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