Use this Free poster during study time to learn the Ledger format for sales and purchases. All day-to-day activities must be recorded in order to know if the business is making a profit or a loss. There are 3 types of Ledgers to record transactions: 1. General Ledger records all …

Memorise 7 accounting ratios with this free poster. Accounting ratios are calculated to analyse the performance of a business using figures in the financial statements. You should be aware of what the figures mean when they are presented in the Income Statement and Balance Sheet. You can use the results of …

Accounting students and business owners will be familiar with the different types of transactions that generate receipts, invoices, credit notes, bills, vouchers and emails. These documents prove business activities have taken place and they fall under 4 types of transactions: 4 Types of transactions 1. Cash transactions These are divided into …

You can understand Trial Balance meaning with these 9 FREE posters. Writing up a Trial Balance is very simple, but there are many things to know about it other than being a list of accounts with figures. Here are 6 important things that help you to learn Trial Balance meaning: …

Students can learn Control Accounts formats for Accounts receivable and Accounts payable in basic accounting with these 5 posters. These two accounts tend to have numerous transactions in each. The details are found in their corresponding subsidiary ledgers. A Control Account is a general ledger account containing only summary amounts. The details …