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Financial Accounting
LIFO
Financial Accounting
Average
Financial Accounting
Financial Accounting
Financial Accounting
Example
Financial Accounting
Spreadsheet to analyse the effect of provision for doubtful debts at
the end of Year 1, using the accounting equation
Assets Ownership
interest
Year 1 Transaction
or event
Receivables
(debtors)
Provision
for
doubtful
debts
Other
assets
Ownership
interest at
start
Profit
of the
period
Financial Accounting
Financial Accounting
Financial Accounting
Spreadsheet to analyse the effect of provision for doubtful debts at
the end of Year 2, using the accounting equation
Financial Accounting
Financial Accounting
Financial Accounting
Example
Financial Accounting
Spreadsheet recording of prepayment of insurance at the
financial year-end date
Date Transaction or event Cash Prepayment Expense
Year 2
Financial Accounting
Analysis of debit and credit aspect of each
transaction and event
Date Debit Credit
Year 1
Year 2
Financial Accounting
Year 1
Year 2
Year 1
Year 2
Year 2
Financial Accounting
Year 1
Year 2
Financial Accounting
Year 2 Debit Credit
Financial Accounting
Analysis of prepayment of insurance, Year 1
Financial Accounting
