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Pdst 2014  www. pdst. ie Alternative Plan for 5 th Year Accounting Maura Fehily.

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Presentation on theme: "Pdst 2014  www. pdst. ie Alternative Plan for 5 th Year Accounting Maura Fehily."— Presentation transcript:

1 pdst 2014  www. pdst. ie Alternative Plan for 5 th Year Accounting Maura Fehily

2 pdst 2014  www. pdst. ie KWL KWL

3 pdst 2014  www. pdst. ie 3 rd Year Students T/Y Students

4 pdst 2014  www. pdst. ie Alternative Plan( Use the hyperlink plans) Double Entry/Trial Balance Trading, Profit & Loss and Balance Sheet Incomplete Records Service a/c Club a/c Depreciation Bank Reconciliation Control a/c

5 pdst 2014  www. pdst. ie What is a transaction?

6 pdst 2014  www. pdst. ie 2 PEOPLE INVOVED RECEIVER GIVER

7 pdst 2014  www. pdst. ie Debit Credit RECEIVER GIVER

8 pdst 2014  www. pdst. ie 5 th Year Worksheet September Sold goods for 200€ cash Debit________ Credit________ 2 Bought goods for 2,000€ bank Debit________ Credit________ 3 Purchased goods on credit 2,100€ from Mary Murphy Debit________ Credit________ 4 Purchased goods on credit 6,200€ from Sophie O’Brien Debit________ Credit________ 5 Sold goods for 1,200€ on Credit to Pat Dunne Debit________ Credit________

9 pdst 2014  www. pdst. ie sport Debit Assets Expenses Purchases €Credit Liabilities Gains Sales €

10 pdst 2014  www. pdst. ie Similarities Club/Service/Business Accumulated Fund/Capital Cash/Bank Final Accounts

11 pdst 2014  www. pdst. ie Adjustments Expense a/c (Stationary a/c) Opening Balance Bank Cash Balance b/d € Prepaid Closing Balance c/d € ___ 250

12 Fís Foghlaim Forbairt  www. pdst. ie


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