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Basic Bookkeeping Workshop Day 1 6
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Training Regulations for Bookkeeping NCII & The Bookkeeping NCIIILecture1.1
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What is Accounting?Lecture1.2
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Bookkeeper Vs. AccountantLecture1.3
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Accounting/Time Period/PeriodicityLecture1.4
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Elements of Financial StatementsLecture1.5
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Day 1: ChallengeLecture1.6
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Basic Bookkeeping Workshop Day 2 6
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Day 1: Challenge & RecapLecture2.1
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Accounting CycleLecture2.2
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Books of AccountsLecture2.3
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Step 1: Analysis Phase – Accountable FormsLecture2.4
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Steps in Accounting Cycle (Activity)Lecture2.5
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Day 2: Challenge / AssignmentLecture2.6
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Basic Bookkeeping Workshop Day 3 8
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Differences between Bookkeepers and Accountants.Lecture3.1
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Pre-Test Result Discussion (Principles on Accounting)Lecture3.2
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Account TypesLecture3.3
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Accounting CycleLecture3.4
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Step 1: Analysis Phase – Accountable FormsLecture3.5
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Step 2: JournalizingLecture3.6
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Practice/Assignment – JournalizingLecture3.7
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Day 2 ChallengeLecture3.8
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Basic Bookkeeping Workshop Day 4 5
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Accounting Cycle ReviewLecture4.1
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Step 3 & 4: Book of Final EntryLecture4.2
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Day 3: Challenge & RecapLecture4.3
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Types of Books of AccountLecture4.4
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Day 4: Challenge / AssignmentLecture4.5
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13 Comments
Books of Accounts is the detailed recordings of all the financial transactions of a business. These records should be supported by valid documents such as receipts and invoices.
it is the financial transactions and operations of a company are recorded to easily track the records of the business
A Book of Accounts is a formal accounting book wherein day-to-day business operations are tracked and being recorded. It is divided into two: 1) Book of original entry and 2) Book of final entry. Original entry as Journal and Final entry as Ledger.
The books of account are used to track the record of transactions of the business and it has two types of entries such as books of original entry called the journal where the process of recording is journalizing and books of final entry called ledger where the process of recording is posting.
The Books of Accounts are used to track all financial transactions of a given business or entity, and they form the basis for the preparation of the trial balance and financial statements (such as income statement, balance sheet, cash flow statement). These books include journals, ledgers, and subsidiary books (cash receipt book, cash disbursement book, purchase journal, sales journal). They should be kept up to date at all times and duly registered with the BIR.
The Books of Accounts are used to track and record all financial transactions of an organization. These books list the assets, liabilities, equities, and costs of a financial entity for a given period. The use of these books are to provide internal and external entities (ex. finance department and BIR respectively) accurate financial records of the business.
The intended use of the books of accounts, in my opinion, is to keep precise and well-organized records of all financial transactions in the books of the business. The books of account helps with analyzing the income and expenses of the business’ day-to-day transactions.
Books of accounts are used to record the economic events in the business. To monitor the important transactions that helps the business operate in stable manner.
As discussed on the given presentation/webinar, BOOKS OF ACCOUNTS is a formal accounting books which is used to record transactions in the business. This prepares cashflow forecasts and financial reports. This accounting books provide informations to review business’s income and expenses and see where business stand financially. On the other hand, it enable business owners, managers to understand what money is coming in and coming out. We can take control of the finances and make a good and smart decisions for the business.
The books of accounts is vital for the business to keep track of the income and expenses and to know the financial standing of the business. Additionally, it is used to maintain organised records, budget accurately, and see business targets easier. It is also useful in preparing and filing tax to meet government regulations.
Books of accounts are the place in which all of the financial transactions and operations of a company are recorded. The books enable business owners and managers to understand what money is coming in and out of the business. They are also important for preparing cashflow forecasts and financial reports.
Books of accounts are used to record all of the financial transactions and operations of a company. The books enable business owners and managers to understand the day-to-day transaction of their business,
Books of Accounts are the formal accounting books used to record the business transactions of the business. They are the Book of Original Entry (Journal) and the Book of Final Entry (Ledger). They are used as a basis to create financial statements because they contain the day to day transactions of the business and the accounts that the BIR accredited.