Want to see ALL questions on this topic?

Upgrade to PLUS+ for €35 to see all past questions

You need to have an account to continue

You need to have an account to continue

Zoejgarvey
Accounts from JC

dose anyone have a list of all the accounts you have to know for the junior cert


4 Comments
Ary355
Ary355
Analused Cash Books Cash Flow Forcasts Budgets Trial Balences General Ledger Possibly payslips
LucyCoakley05
You also should know the Income Statement and the Statement of Financial Position
torymay6
torymay6
hi zoe :smirk::smirk: whats a general ledger
Ary355
Ary355
General Ledger: The general ledger is the 2nd step in double entey bookeeping. A general ledger basically simplifies the entries of the analysed cash book by using the totals for each topic. E.g total sales. This is used to simplify balences more for the Trial Balence. There are two sides of a general ledger. They are... Debit Side Credit Side Rules: Main Rule: The meanings of the sides change... Debit Side = Records expenditure Credit Side= Records Income Format There are columns for dates, details of transactions, a folio( reference column) and an amount column Three red lines seperate the two sides Special note on VAT entry: There is nearly always two entries in both sides in regards to the VAT balences. The debit VAT entry is VAT earned feom sales whe the credit VAT entry is VAT taxed on purchases Also the balence of the VAT is recorded on the appropuate side. E.G if debit VAT is higher than credit VAT then its recorded in the debit side Balence of VAT= credit VAT - debit VAT
Uploading attachment...