Performance Objectives:
At the end of this lesson, you should be able to:
- Define double-entry bookkeeping.
- Explain the following.
- Double-entry treatment of Assets.
- Double-entry treatment of Liabilities.
- Double-entry treatment of Capital.
- Double-entry treatment of Expenses.
- Explain the meaning of Ledger.
- List classes/types of Ledger.
- Differentiate between Real and Nominal Ledger.
- Draw a format of a Ledger.
- Post into a ledger using Double entry system.
- Post from Journal to Ledger.