Introduction to Accounting for the Senior Phase Learner's Book

Unit 1. Basic Accounting Principles: 1. Assets; 2. Liabilities; 3. Owner's equity; 4. The accounting equation; 5. Income; 6. Expenses; 7. The profit motive; Unit 2. Principles of Double Entry: 8. Transactions; 9. Ledger accounts; Unit 3. Service Enterprises: 10. Source documents; 11. Cash journals; 12. General ledger; 13. The trial balance; Unit 4. Trading Enterprises: 14. Cost price, selling price and profit mark-up; 15. Cash journals; 16. Posting to the general ledger; 17. The trial balance; Unit 5. Petty Cash: 18. What is petty cash?; 19. Systems; Unit 6. Creditors: 20. Cash and credit; 21. Recording credit purchases; 22. Recording payments; 23. Trade discount; 24. Effect of credit purchases and payments; 25. Analyse and interpret creditors' accounts and creditor's control; Unit 7. Debtors: 26. Granting credit; 27. Recording credit sales; 28. Recording receipts; 29. The effect of the accounting equation; 30. Analyse and interpret accounts; Unit 8. Final Accounts: 31. Closing transfers; Unit 9. Financial Statements: 32. Format of an income statement; 33. Format of a balance sheet; 34. Analyse and interpret financial statements; Unit 10. Additional Activities.