Live stream preview

Watch this video and more on Spongein

Watch this video and more on Spongein

Subscribe

Already subscribed? Sign in

Accounting Cycle Overview

5m 56s

Up Next in Term 1

  • Source documents

    A source document is completed for every transaction as proof of that transaction. The source documents that you learn about at the grade 8 level include duplicate receipt, cash register roll, cash invoices, bank deposit slips, cheque counterfoil and bank statements.

  • Introdution to subsidiary journals

    Subsidiary journals are a point of first entry meaning that when a transaction is entered in the accounting records it is first entered into a journal and because there are so many types of transactions and source documents there is also a wide range of journals.