Form 3 Basic Tips in Principles of Accounts

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About Course

This course will help the learners understand the basics of Principles of Accounts on the main topics which are accounting concepts, books of original entry, the ledger, the trial balance and final accounts. This is their foundation which will make it easy for the learners to understand Grade 11 and Grade 12 Principles of Accounts topics without much challenges.

What Will You Learn?

  • Learners will be able to have basic knowledge on accounts which will help them understand grade 11 and 12 accounts topics.
  • Learners will be able to prepare any books of original entry and also the ledger.
  • Learners will also be able to prepare the trial balance and also the final accounts without much challenges.

Course Content

Introduction to Accounts
under this topic learners will learn the following: • What is accounting • Importance of principles of accounts • Career prospects in the accounting profession • Accounting concepts

  • INTRODUCTION TO ACCOUNTS
    00:00
  • INTRODUCTION TO ACCOUNTS
  • INTRODUCTION TO ACOUNTS

Business Transactions
The learners will learn the following: • what is a business transaction • Types of business transactions • Examples of business transactions

Books of Original Entry
Learners will learn about the the 7 main books of original entry and these are as follows: • cash book . sales day book . sales returns day book . purchases day book . purchases returns day book . General Journal . Petty cash book

The ledger
This topic will cover the following: • What is a ledger • Types of ledgers  Sales ledger  Purchases ledger  General ledger . Preparation of the all the three main types of ledgers.

The Trial Balance
The lesson will cover the following: • What is a trial balance • What is the purpose of a trial balance • Posting entries in the trial balance

Final accounts
This lesson will cover the income statement and the statement of financial position. • Explain the term final accounts . Defining the income statement/ statement of financial position. . Trading account items . Profit and Loss items . Balance sheet items . Preparation of the Trading account . Preparation of the Profit and Loss account . Preparation of the Balance sheet

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ZK150 ZK200
  • Beginner
  • 0 Total Enrolled
  • 1 hour 30 minutes Duration
  • May 10, 2026 Last Updated
  • Certificate of completion

Material Includes

  • Summarized notes for the learners in word document

Requirements

  • students should ensure that they practice what is being taught to them and also revise through alot of ECZ past exam questions.

Tags

Audience

  • Grade 10 secondary pupils taking principles of accounts.

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