Learn about the essential numerical skills required for accounting and bookkeeping. This course, Introduction to bookkeeping and accounting, explains the fundamental rules of double-entry bookkeeping and how they are used to produce the balance sheet and the profit and loss account.

Course learning outcomes

After studying this course, you should be able to:

- understand and apply the essential numerical skills required for bookkeeping and accounting

- understand and explain the relationship between the accounting equation and double-entry bookkeeping

- record transactions in the appropriate ledger accounts using the double-entry bookkeeping system

- prepare a trial balance, balance sheet and a profit and loss account.