Learn about the essential numerical skills required for accounting and bookkeeping. This free course, Introduction to bookkeeping and accounting, explains the fundamental rules of double-entry bookkeeping and how they are used to produce the balance sheet and the profit and loss account. Course Learning Outcomes After studying this course, you should be able to: understand and apply the essential numerical skills required for bookkeeping and accounting understand and explain the relationship between the accounting equation and double-entry bookkeeping record transactions in the appropriate ledger accounts using the double-entry bookkeeping system balance off ledger accounts at the end of an accounting period prepare a trial balance, balance sheet and a profit and loss account.