In the days before computers, all transactions were entered into ledgers (or books). We are left with the legacy of this. So we are going to look at 5 books of prime entry as though they were written by hand.
Debit or credit
Double entry bookkeeping was invented in the 14th century by a Franciscan Friar called Luca Pacioli. It was easy to understand, apply and audit. The assumptions used, known as accounting concepts and conventions, underpin all manual and computerised
Double-entry Accounting and Bookkeeping principles explained in simple terms
Double-entry accounting is really very simple provided you follow the rules in the video.
B Accounts from Premier Training
AAT Level 2 Balancing Accounts - Premier Training - Processing Bookkeeping Transactions (PBKT) - www.premiertraining.co.uk
Opening a Suspense Account – Premier Training
AAT Level 2 - Opening a Suspense Account - Control Accounts, Journals & Banking Systems (CJBS)
