Bookkeeping of a Service Business - Single Proprietorship
This course is a detailed bookkeeping techniques for a service business which is run by a single owner. This will give distinction to the service business
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Definition of TermsDefinition of a Service BusinessDefinition of a Single Proprietorship
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Business TransactionsRevenue from servicesCost of ServicesSelling and Administrative expensesChart of Accounts for a Taxi Business
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Illustrative ExampleNarrative Business TransactionsJournalizing Business TransactionsPosting to the LedgerTrial BalancePreparation of Working Trial BalanceAdjusted Trial balanceFinancial StatementsRecording adjusting journal entries to the journal.Posting the adjusting journal entries to the ledger.Recording of closing entries to the journalPosting of closing entries to the ledger.Post-closing Trial BalanceRecording of reversing entries to the journal.Posting of reversing entries to the ledger.
The first course "Understanding Basic Bookkeeping" is a general one. It involves bookeeping that is common to all forms of business organization. Little that we know that each form and classification of business organization has its own unique way of bookkeeping different from the rest of tbe business organizations.
This course is a detailed bookkeeping techniques for a service business which is run by a single owner. This will give distinction to the service business - single proprietorship from other forms of business organization.
Perhaps after taking this course, you may come to believe that really there is something different from this course that needs to be done and explored.
So here we go guys. let us go to the bottom of this course with fervor and enthusiasm!
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