You have completed the computerised accounts level 2 course. This is your end of the course review.
£87.50
£90.60
£82.60
£117.50
Delivery Note
Invoice
Sales Order
Cash Receipt
You do not have to account for VAT to the HMRC
You have to send a VAT return for your Sales and Purchases to HMRC
You do not have pay VAT on your purchases
You do not receive VAT from your customers
Capital = Liabilities - Assets
Assets - Liabilities = Capital
Liabilites - Capital = Assets
Assets + Liabilities = Capital
T8
T4
T9
T5
It is also known as Value And Taxation for business
VAT is a tax on the business income
VAT is a tax on consumer expenditure
VAT is a tax on wages paid by the businesses
Rent Account and Bank Account
Cash Account and Sales Account
Sales Account and Trade Debtors Account
Purchases Accounts and Bank Account
Profit and Loss accounts
Nominal Accounts
Sales Ledger
Purchases Ledger
The Accounting equation
Single entry
Double entry
Chart of Accounts
T8
T4
T9
T5