What Should You Expect From This Lesson?

Theory and practice of drawing up day books for purchases, sales, purchases returns and sales, returns and the posting of entries from the day books to the Trade Receivables Ledger and to the Trade Payables Ledger. This Unit does not include VAT, which is in a later Unit.

How To Carry Out This Lesson At Home:

Questions & Answers serve as Text. These may or may not require teacher guidance, depending on student’s level of reading and understanding of English, besides other factors.
Class Demos (CD) are exercises meant to be worked out with teacher guidance.
Homework (HW) are exercises meant to be worked out without teacher guidance (lesson duration does NOT include HW).
Both CD & HW are mainly exercises taken from SEC exam papers pre 2010 . Answers to both in excel file.