Umfundo Education Center

12/10/2021

Cash Payments Journal
Notes

The cash payments journal is used to record all transactions in which cash is paid out or cash decrease. It is also known as cash disburs...

28/09/2021

VALUE ADDED TAX
SIMPLIFIED ACCOUNTING
NOTES

VAT returns VAT returns must be handed in every second month. VAT is entered into the different journals and posted to the following ledg...

25/09/2021

Accounting Concepts

ACCOUNTING CONCEPTS In order to maintain uniformity and consistency in preparing and maintaining books of accounts, certain rules or princ...

22/09/2021

Errors affecting the Trial Balance These are errors which cause the trial balance totals not to be equal. These errors arise from: 1) Ov...

18/09/2021

Errors not affecting trial balance.

The trial balance is a very useful accounting technique, not least because it provides a brief summary of what is in the accounting system. ...

17/09/2021

ACCOUNTING RESOURCES

ACCOUNTING BOOKS, PAST EXAM PAPERS AND SOFTWARES

17/09/2021

TRIAL BALANCE

A trial balance is a list of accounts and their balances at a given time. Before, companies prepare a trial balance at the end of an accoun...

15/09/2021

Cambridge, IEB and CAPS Syllabus

13/09/2021

www.umfundoeducationcenter.com

13/09/2021

Simplified Accounting.
You can use the translation button at the bottom of the home page to translate to your language. Please follow to receive more notes. Comment and share.

DEPRECIATION Depreciation is the process of allocating to expense the cost of a plant asset over its useful (service) life in a rational...

13/09/2021

Simplified Accounting.
You can use the translation button at the bottom of the home page to translate to your language. Please follow to receive more notes. Comment and share.

ACCOUNTING CYCLE STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 Collect SOURCE ...