Bookkeeping Transactions

London Governance & Compliance Academy


£130 inc VAT
Or £43.33/mo. for 3 months... Read more
Study method
Online, self-paced
6 weeks
Access to content
12 months
AAT Level 2 Certificate in Bookkeeping (QCF)
Additional info
  • Tutor is available to students

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This course introduces you to the double-entry bookkeeping system and the associated documents and processes. You will reach the stage of extracting an initial trial balance, before any adjustments are made. This course provides you with the skills necessary to operate a manual double-entry bookkeeping system and provides a strong foundation for progression to more advanced manual and computerised activities.

On completion of this course, you will be able to check the accuracy of invoices, credit notes, remittance advices, statements of account and petty cash vouchers. You will know how to use these documents to make entries in sales and purchases daybooks, sales and purchases returns daybooks, and discounts allowed and received daybooks using account codes, as well as how to transfer those totals to the sales, purchases and general ledgers.

The cash book and petty cash book are also covered in this course, including making entries into both and transferring totals to the ledgers. You will make appropriate checks on the accuracy of supplier invoices and credit notes, reconcile supplier statements with the purchases ledger account and calculate payments due to suppliers. You will also calculate sales invoice and credit note amounts and check receipts from customers.

This unit refers to value added tax or VAT. This is an indirect tax operating in the UK but this type of tax may also operate and be known by another name in other countries.


AAT Level 2 Certificate in Bookkeeping (QCF)

Course media


Learning outcomes
1. Understand financial transactions within a bookkeeping system
2. Process customer transactions
3. Process supplier transactions
4. Process receipts and payments
5. Process transactions through the ledgers to the trial balance

Tutor support
We will support you every step of the way throughout your AAT learning experience with us. You can contact a tutor and get the help you need quickly and easily.

Provided by our Tutors Support team (our dedicated team of expert tutors):
• Live chat (instant response via online messenger system)
• Email (we'll get back to you within 1 working day)
• Discussion forum (we’ll get back to you within 1 working day)
• Request a call back so you can speak to a tutor (we’ll arrange a call with you within 1 day).

Why study AAT with LGCA?
• Study anywhere, anytime on your laptop, phone or tablet through this fully online learning
• Award-winning learner management system (LMS)
• Immediate start
• Access to practice questions and mock assessments
• Topic focused learning modules, containing tutor-led bite-sized videos
• Engaging activities designed for effective online learning
• Integrated programme to guide you efficiently through the whole syllabus

Registration and Access?
Once you complete an online purchase you will receive confirmation of account activation. Please allow 48 hours to get access to all the modules and for your eLearning account to be set up.

Questions and answers

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Ioana asked:

Hello. How many exams and how much cost? The course is Level 2 Bookkeeping AAT certified? Thank you .Have a lovely day.


Dear Ioana, We have two Level 2 courses in the foundation certificate for accounting Bookkeeping Transactions and Bookkeeping Controls which are both examined through CBA, exam cost is between GBP 70 - 95 for each depending on the examination centre.

This was helpful. Thank you for your feedback.


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What does study method mean?

Study method describes the format in which the course will be delivered. At courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

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CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.


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