Background Information

Do you feel unsure about any of the topics listed below. If so click on the appropriate hotword to find out more. If you want, you can work through each in sequence.

• Introduction / Accounting source documents
• Books of original entry
• Which column is which? / How do we balance off accounts?
• The three main ledgers and the cash book
• Why is it called a double entry system?
• What do we do with our balanced accounts?
• Assets and liabilities
• Return to the main menu?