Course: Controls within an Accounting System

Watch the video above to hear the Kaplan tutor talk through this type of error. The following types of error will cause a difference in the trial balance, and therefore …

In the example of Nyah, we just focused on sales and sales returns transactions. We just need to remember that the same rules apply to purchases also. So a quick …

Shortly we’ll have a look at the example referred to in the previous video. However, before we do let’s briefly go through how information is entered into the various records. …

Watch the video to hear the Kaplan tutor show us the cash books again. We will consider them in detail here. Understanding the workings of the cashbook is important before …

Let’s revisit the two main controls accounts: the sales ledger control account and the purchase ledger control account. After a quick recap we will look at how each control accounts …