Manual Bookkeeping Level 3

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Manual Bookkeeping Level 3

UK Open College
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Description

Module 1

Preparing final accounts  
Identifying items in the accounts  
The trading and profit/loss account  
Balance sheet  
Adjustments to the accounts  
Worked example  
Extended trial balance

Module 2

Reasons for depreciation  
Methods of depreciation  
Where depreciation is not for a whole year  
Accounting entries for depreciation  
Disposal of a fixed asset 

Module 3

Organisations that use incomplete records  
Dealing with incomplete records 

Module 4

The partnership act 1890  
Partnership agreements  
Partner’s current accounts  
Profit/loss appropriation accounts  
Loans from partners  
Changes to partnership arrangements  
Revaluation of assets and liabilities on admission of a new partner  

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Didn't find what you were looking for? See also: Bookkeeping, Accounting, Tax Accounting, Business Administration, and Payroll.

Module 1

Preparing final accounts  
Identifying items in the accounts  
The trading and profit/loss account  
Balance sheet  
Adjustments to the accounts  
Worked example  
Extended trial balance

Module 2

Reasons for depreciation  
Methods of depreciation  
Where depreciation is not for a whole year  
Accounting entries for depreciation  
Disposal of a fixed asset 

Module 3

Organisations that use incomplete records  
Dealing with incomplete records 

Module 4

The partnership act 1890  
Partnership agreements  
Partner’s current accounts  
Profit/loss appropriation accounts  
Loans from partners  
Changes to partnership arrangements  
Revaluation of assets and liabilities on admission of a new partner  
Goodwill  
Retirement of a partner  
A change in profit sharing ratio 

Module 5

Types of cost 
Types of stock 
Manufacturing account 
Trading account of a manufacturing business 

Module 6:

Clubs, societies and charities  
The accounts of clubs, societies and charities 

Module 7

What is a limited company?  
Forming a company- an intro  
Financing a limited company  
The accounts of a limited company  
Reserves  
Journal entries to record the sale of shares  
Redemption of shares and debentures  
Cash flow statements 

Module 8:

Control accounts 
Suspense accounts and errors  
Limitations of trial balance and control accounts 

Module 9

Why use accounting ratios?  
Ratios which are commonly used? 

Module 10

Valuation of stock  
FIFO and LIFO methods of stock valuation  
AVCO method of stock valuation  
Continuous weighted average  
Retail selling price  
Working with stock records  
Stocks of consumable stores  
Other stock notes  -

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There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.