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Chapter 3

Ledger accounting and double-entry

bookkeeping

Outcome

By the end of this session you should be able to:

 explain the main forms of business transaction and documentation

 identify, explain and understand the main forms of accounting record

 understand and apply the concepts of duality, double-entry and the accounting
equation

 understand and illustrate the use of journals and the posting of journals into
ledger accounts

 record sales, purchase and cash transactions in ledger accounts

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapters 3 and 4 of your Study Text

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