Moving on from Ledger Pack 1, this pack gives written instructions of ledger entries rather than taking the information from financial documents. Tasks 1 to 4 focuses on start up businesses and there is no VAT at this stage. There are however trial balances to complete at the end of each question. Tasks 5 to 10 require VAT transactions and for balances to be entered in the correct way (i.e dr or cr). All ledgers have been created and named as per the various transactions. Tasks 11 – 15 require pupils to create and name the ledgers and to consider all types of transactions including bad debts, drawings, discount allowed and received and bank payments including and excluding VAT. Solutions are included in the pack.
** A paper pack is also included if printed tasks are preferred **