1. Watch the video on this page which gives a brief introduction and timeline of the double entry bookkeeping system.

2. In your teams, scan the resources in the following link to answer one set of the questions below. http://accessyoutube.org.uk/double+entry+bookkeeping

Q 1 - What is double-entry bookkeeping?

Explain the purpose of a double entry accounting system.
Give a definition for a double entry in accounting.
Describe the differences between double entry bookkeeping and single entry bookkeeping.

Q 2 - What is an account?

Q 3 - How is accounting information recorded?

Q 4 - What is the accounting equation?

Extension

"Luca Pacioli did invent the double entry bookkeeping system."

	Creado por Debs Seed hace casi 9 años

A teaching activity for AAT Processing Bookkeeping Transactions

The double entry bookkeeping system