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Double entry.
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Corran
Lucifer

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Double entry.

Does anyone know anything about double entry accounting/book-keeping?

I have recently been dealing with a problem we have and I struggled to understand fully about how double entry works, any help would be most appreciated.


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Old Post Jan 26th, 2005 03:16 PM
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Mane
Restricted

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Account Restricted

Yeah hookers usually charge double for that kind of thing.

Old Post Jan 26th, 2005 03:25 PM
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Gisele
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I hope this helpsMGS 1301: Elements of Book-keeping (3 credits)
This course is designed to introduce students with little or no background in accounting to the elementary principles. Topics to be covered include, the nature and scope of accounting; concepts and convention, the nature of business transactions, and the preparation of petty cash book and the two-and three column cash books. Preparation of the subsidiary books of entry (i.e. the journals); posting to ledger accounts and extraction of a simple trial balance would also be taught, the preparations of trading and profit and loss accounts and balance sheet Not involving adjustments and more complex items.


MGS 1302: Principles of Accounting (3 credits)
The Nature of Business transactions. Definition of Accounting; the scope and function of Financial Accounting, Book-keeping, Types of business organisations. The accounting equation, the theory of double entry book-keeping based, on the accounting equation, Journalising postings and nature of Accounts, Balancing and Trial Balance. Unadjusted Profit and Loss Account and Balance sheet. Adjustments, prepayments, accruals, correction of errors etc. Adjusted P. & I. and Adjusted Balance Sheet. Subsidiary books of account. Cash book and bank reconciliation statement, sales Day and Purchases Day Book. Receipts and payments Expenditure and Income Account. Single Entry. Nature of partnership and Legal aspects. The adjustments in partnership Accounts, interest of capital, interests on drawings and partners salaries. Admission of new partners. Removal/Retirement of partners. Dissolution of partnership.


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i love him..he loves me..what more could I want

Old Post Jan 26th, 2005 03:55 PM
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Korri
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these threads are getting worse roll eyes (sarcastic)

Old Post Jan 26th, 2005 06:06 PM
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Corran
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Gisele understands me, not my fault the rest of you don't


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Old Post Jan 26th, 2005 11:34 PM
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Mr. Sandman
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Oh Corran, you twisted, twisted man.


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Old Post Jan 27th, 2005 02:08 AM
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Kostabot
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Goldfish


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What is this I don't even

Old Post Jan 27th, 2005 02:18 AM
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Tired-Hiker
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Accounting is soooooooo boring. erm


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Old Post Jan 27th, 2005 03:02 AM
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Corran
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quote:
Originally posted by Arachnoidfreak
Oh Corran, you twisted, twisted man.
confused


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Old Post Jan 27th, 2005 09:43 AM
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Corran
Lucifer

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quote:
Originally posted by The Tired Hiker
Accounting is soooooooo boring. erm
That's possibly why I find it hard to understand.


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Old Post Jan 27th, 2005 09:44 AM
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Korri
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quote:
Originally posted by Corran
Gisele understands me, not my fault the rest of you don't


bite me evil face

Old Post Jan 27th, 2005 09:50 AM
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Corran
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Sure, where?


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Old Post Jan 27th, 2005 10:05 AM
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Ms Chelle
ubuntu

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quote:
Originally posted by Corran
confused
hug time ?


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made by Scribble

Old Post Jan 27th, 2005 11:11 AM
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badboy2006
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double entry is that where both entries must balance at the end because if they don't it means u have an error somewhere and u have to go back through it and correct it or is it an account where theres a debit u always have a credit


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Old Post Jan 27th, 2005 11:14 AM
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Corran
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quote:
Originally posted by badboy2004
double entry is that where both entries must balance at the end because if they don't it means u have an error somewhere and u have to go back through it and correct it or is it an account where theres a debit u always have a credit
Cool, thanks, I see your accounting knowledge is far superior to your English grammar stick out tongue


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Old Post Jan 27th, 2005 11:16 AM
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Corran
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quote:
Originally posted by shellie
hug time ?
thanks


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Old Post Jan 27th, 2005 11:16 AM
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badboy2006
girl slayer

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thanx i just done an exam on it a couple of weeks ago so i know i thought it would come in handy


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Old Post Jan 27th, 2005 11:17 AM
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Ms Chelle
ubuntu

Gender: Female
Location: RM118

quote:
Originally posted by Corran
thanks
anytime sexy


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made by Scribble

Old Post Jan 27th, 2005 11:19 AM
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Corran
Lucifer

Gender: Male
Location: Look out of your Window

quote:
Originally posted by badboy2004
thanx i just done an exam on it a couple of weeks ago so i know i thought it would come in handy
See, it is worth listening to the teachers afterall.


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Old Post Jan 27th, 2005 11:19 AM
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Korri
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quote:
Originally posted by Corran
Sure, where?


im not telling you smile

Old Post Jan 27th, 2005 04:38 PM
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