Financial Accounting Equation – Lesson Seven

I have purposely left introducing the Financial Accounting Equation to the final part of my free bookkeeping course. If you are intending to study bookkeeping and accounting then almost certainly you will encounter the accounting equation within the early pages of your studies. It is sometimes stated that double entry bookkeeping is based on the … Read more

Annual Depreciation Formula – Lesson Six

This is the sixth lesson in my free bookkeeping course and I am introducing you to the annual depreciation formula, prepayments, accruals, bad debt provisions and the way we must value our stock of materials and goods available for sale. Depreciation is not allowable as a tax deduction, the revenue treat asset value deductions under … Read more

Nominal Accounts Examples – Lesson Five

The General or Nominal Ledger is the book containing all the information from which our monthly and annual accounts are prepared. I am going to provide some nominal accounts examples to show how we should categorize the various nominal accounts and this will help in setting out the initial listings where computerized accounting packages are … Read more

Free Bookkeeping Course – Lesson One

This is the first page of our free bookkeeping course. This first section will give you the ground rules which you will take forward to all of your studies in Bookkeeping and Accounts. The subject is very easy and we hope we might persuade you to take up the subject with the objective of becoming … Read more