You will learn about the accounting equation and double entry and the prepare for T-accounts. From the activities, you will get the opportunity to a) Prepare double-entry transactions and b) Prepare and record transactions in T-accounts. After this, we will then move on to recording transactions from the sales day book and the sales returns day book to the Receivables control account, the general ledger, and the memorandum ledgers.  From the activities, you can practice c)Transfer sales and sales return transactions from the daybooks to the general ledger, memorandum accounts, and receivables control account.

Next we will look at record transactions from the purchase and purchase returns prime books to the Payable's control accounts, as well as the the general ledger and the memorandum accounts.  Then you can practice the following, d)Transfer purchase and purchase returns transactions from the daybooks to the general ledger, memorandum accounts and payable's control account.

Finally, we will record transactions from the bank and cash.  This will complete the receivables and payable's control account. After this we will look at e) closing the control accounts and transfer the left and the right side of the cash books to the general ledgers. Get started with the downloadable Workbook containing the activities are used throughout this course and the answer from one activity leads into a later activity.