Cambridge IGCSE and O Level Accounting

1.2 Introducing double entry

Syllabus reference: 2.1
Learning aims: 1 understand the double entry system
2 process accounting data using the double entry system
3 prepare ledger accounts
4 post transactions to the ledger accounts
Prior knowledge: Assets, liabilities and capital
Effects of transactions on elementary statements of financial position
Resources: Coursebook Chapter 2
Workbook Part 2 Section 1 Multiple choice questions 4–6
Workbook Part 2 Section 1 Structured question 8
Worksheet 1.2
You will also need:
Handout with templates of ledger accounts
Handout of short double entry exercises – capital, assets and liabilities;
expenses and incomes; sales, purchases and returns

Suggested activities
1
1 Share the learning aims and outcomes with the students and write on the board or use a
pre-prepared slide or PowerPoint
2 Explain the need for a system of recording daily transactions
Display a pre-prepared slide or PowerPoint, or a template of a ledger account.
Explain the principles of double entry.
3 Demonstrate double entry book-keeping
Use an exercise on a handout to demonstrate the double entry required for each transaction
(capital, assets and liabilities) on a board, flip chart, slide, etc.
Use an exercise on a handout to demonstrate the double entry required for each transaction
(as above but including expenses and incomes). Individual students could be invited to make
entries on the board.
4 Practical exercise as follow-up
Students work in pairs to complete a short exercise on double entry (to include capital, assets,
liabilities, expenses and incomes).
5 Demonstrate double entry book-keeping
Use an exercise on a handout to demonstrate the double entry required for each transaction
(as above but sales, purchases and returns). Once again, individual students could be invited to
make entries on the board.
6 Practical exercise as follow-up
Students work individually to complete a short exercise on double entry (to include capital,
assets, liabilities, expenses and incomes, sales, purchases and returns).

© Cambridge University Press 2018

Cambridge IGCSE and O Level Accounting

7 Follow-up in next lesson

Demonstration of balancing ledger accounts.
Demonstration of recording carriage and drawings in the ledger.
Interpretation of ledger accounts.
Tasks for more confident students could include:
1 Preparing tables of double entry transactions for other students to complete.
2 Preparing a list of advantages of double entry book-keeping.
3 Researching three column running balance ledger accounts.
8 Homework (or class work at the start of the next lesson)
Worksheet 1.2

© Cambridge University Press 2018