The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> Book-keeping Training, Qualifications and Professional Bodies -> ICB Level 1 Help!!!
Post Info TOPIC: ICB Level 1 Help!!!
rob


Member

Status: Offline
Posts: 14
Date:
ICB Level 1 Help!!!
Permalink  

Hi,

Just wondering if theres anyone else curently starting out with ICB Level 1 ?

I'm about half way through and so far its been going ok (i think). Got a bit stuck early on with the double entry system but seem to have got my head around it now.
My next assignment gives me a list of transactions for a month and asks me to record them into the companys accounts. What sort of thing would they be looking for?
I can work out the accounts but im not sure how to show them. Would i have different accounts for sales, creditors, debtors etc or should i have a cash book (cash in and cash out).

Feel like i should know what theyre looking for here but dont want to do the wrong thing.

Thanks in advance.

Rob

__________________
Gemma12


Veteran Member

Status: Offline
Posts: 41
Date:
Permalink  

Morning Rob

not knowing who you are studying with - I would assume at this level that you are required to open up various 't' accounts and post the transactions (debit / credits) into them but use the cash book as a replacement for the cash/bank 't' account

hope this helps

Gemma



__________________
rob


Member

Status: Offline
Posts: 14
Date:
Permalink  

Thanks. Studying with UK Open Learning.

Rob

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> Book-keeping Training, Qualifications and Professional Bodies -> ICB Level 1 Help!!!
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About