IGCSE · Accountancy · Chapter 2

Ch 2 The Double Entry System of Book-keeping: complete notes

Neat, exam-ready notebook-style notes for Ch 2 The Double Entry System of Book-keeping, following the Cambridge IGCSE 0452 syllabus. This chapter is part of the complete IGCSE Accounting 0452 Complete Notes: All 22 Chapters with Full Layouts and Mark Schemes (Cambridge 2027–2029).

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Free preview: Ch 2 The Double Entry System of Book-keeping notes

A quick look at the chapter from our IGCSE Accountancy notes. The full chapter notes have the detailed explanations, diagrams and practice questions with answers.

Topics in this chapter

The rules of double entry
Accounts you meet in every question
Preparing ledger accounts and posting transactions
Calculating the balance of a ledger account
Transfers to the financial statements
Interpreting ledger accounts and their balances
The three-column running balance format
The division of the ledger
Ledger accounts kept digitally

“I can” checklist: what you must be able to do

state the double entry for any transaction
post transactions with date, details and amount
balance an account and bring the balance down
say what a debit or credit balance means
transfer income and expenses to the statement of profit or loss
close drawings and profit to the capital account
explain the entries in a customer's or supplier's account
prepare an account in running balance format
name the ledger in which each account is kept
advise on keeping the ledger digitally

What is inside the full chapter notes

Concept notes, the rules of double entry, model ledger accounts (T-accounts and running balance), 8 worked examples
Exam skills for Paper 2; common mistakes from the examiner report
20 Paper 1 style multiple-choice questions, explained
Two Paper 2 style questions (20 marks each) with full mark schemes and answer layouts
Quick-reference table, "I can" checklist

See real pages (free sample)

What you get in the pack

All 22 chapters of the Cambridge IGCSE Accounting 0452 syllabus (exams 2027–2029): the accounting equation, double entry, business documents, books of prime entry, the trial balance, correction of errors, bank reconciliation, control accounts, depreciation, accruals and prepayments, irrecoverable debts, inventory, financial statements of sole traders, partnerships, limited companies, manufacturers and clubs, incomplete records, ratios and accounting concepts
Every syllabus statement covered in order, with clear notes and complete accounting layouts drawn for these notes
Worked examples with full layouts, exam skills and key definitions in every chapter
Common mistakes taken from Cambridge examiner reports, so you know where marks are lost
20 Paper 1 style MCQs per chapter with answers and explanations
Original exam-style questions in the style of Paper 1 (multiple choice) and Paper 2 (structured written paper), with full mark schemes (no past-paper reprints)
Quick-reference sheet and an "I can" checklist at the end of every chapter
Colour PDF and a black and white copy of every chapter for printing
Independent notes; not endorsed by or affiliated with Cambridge University Press & Assessment

All chapters in this pack

← Ch 1 The Purpose of Accounting and the Accounting Equation Ch 3 Business Documents →