Revision tools for Unit 5 – Financial Records and Accounts (FRA)

1. The trial balance How to prepare a trial balance using the double-entry bookkeeping rules. Download Flash Player	Mac users
2. The extended trial balance Review how to apply the rules to extend the trial balance accurately. Download Flash Player	Mac users
3. Final accounts for a sole-trader Review how to accurately prepare a profit and loss account and balance sheet for a sole-trader. Download Flash Player	Mac users
4. Adjustments – closing stock Review how to account for closing stock using the journal, ETB and presentation in the final accounts. Download Flash Player	Mac users
5. Accounting for depreciation Revise depreciation methods and how to account for depreciation using the journal, ledger accounts, ETB and review presentation in the final accounts. Download Flash Player	Mac users
6. Writing off bad debts Review how to write off bad debts using the journal, ledger accounts, ETB and review presentation in the final accounts. Download Flash Player	Mac users
7. Creating a provision for doubtful debts Review how to create a provision for doubtful debts using the ledger accounts, ETB and review presentation in the final accounts. Download Flash Player	Mac users
8. Accounting for accruals and prepayments Review how to account for accruals and prepayments using the ledger accounts, ETB and review presentation in the final accounts. Download Flash Player	Mac users
9. Disposal of fixed assets Revise how to dispose of fixed assets using the ledger accounts, the journal and ETB Download Flash Player	Mac users
10. Control accounts and incomplete data Revise how to use sales and purchase ledger control accounts to identify missing data. Download Flash Player	Mac users
11. Partnerships – Appropriation account Review how to use an appropriation account to distribute profits to partners	Mac users
12. Partnerships – the capital and current account Review the purpose of the capital account and learn how to update the current account using the appropriation account.	Mac users
13. Partnerships – goodwill Review how to account for goodwill using the capital account.	Mac users

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