Cambridge IGCSE Accounting
2.1The double entry system of book-keeping
The double entry system of book-keeping in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic76 practice questions4 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 2.1.1Prepare ledger accounts and post transactions using double entry.
- 2.1.2Calculate balances, transfer them to the financial statements and interpret accounts and balances.
- 2.1.3Use the three-column running balance format.
- 2.1.4Explain the division of the ledger into sales, purchases and nominal (general) ledgers and how ledgers can be kept digitally (folio columns are not required).
Lessons
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Closing entries: transferring balances at the year end
35 min
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Divisions of the ledger: sales, purchases and nominal ledgers
30 min
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Posting, balancing and interpreting ledger accounts
35 min
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The double entry system: debits and credits
35 min
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Sample question
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