Explore the layout of incomplete records similar to final accounts, along with steps to calculate capital, sales, purchases, adjustments like interest on loans, prepaid expenses, and more. A helpful resource for understanding accounting concepts.
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Presentation Transcript
Incomplete Records Layout same as Final Accounts www.pdst.ie p d s t 2 0 1 4
Steps Calculate Capital on 1/1/ Calculate Sales Cash Sales + Credit Sales Calculate Purchases Cash Purchases + Credit Purchases www.pdst.ie p d s t 2 0 1 4
Adjustments Interest on Loan Loan Instalments www.pdst.ie p d s t 2 0 1 4
Prepaid on 31/12/ Due on 31/12/ Calculate Drawings: Purchases/ Stock Expense Cash www.pdst.ie p d s t 2 0 1 4
Resources Template PDST/ powerpoint KWL Anticipation Sheet Adjustments Literacy; keywords Numeracy; +, -, %, Counting Months SEC Questions www.pdst.ie p d s t 2 0 1 4
