Nissho Bookkeeping Grade 3 study plan

Journalize 30 routine transactions (cash sales, credit purchases, expense payments) into the correct debit/credit accounts without looking at a model answer.

Post a full month of journal entries to a ledger of T-accounts and keep a running balance on each account.

Classify every account in the standard Grade 3 chart as asset, liability, equity, revenue, or expense, and state its normal balance side.

Explain in your own words why debits equal credits and how the double-entry rule preserves that equality after each transaction.

Distinguish between bookkeeping-cycle closing steps and year-end adjusting steps, and list the correct chronological order of both.

Prepare closing entries that zero out revenue and expense accounts into the income summary and then into capital.

Record the four classic accrual adjustments (prepaid expense, accrued expense, unearned revenue, accrued revenue) and show the reversing or non-reversing follow-up.

Recompute net income before and after adjustments to prove the adjustment's effect on profit.

Journalize merchandise purchases and sales under the perpetual method, including purchase returns, sales returns, and purchase discounts.

Record freight-in and freight-out in the correct account and state which party bears each cost under common shipping terms.

Compute ending inventory and cost of goods sold using both the periodic and perpetual approaches and reconcile the two results.

Value inventory under the moving-average and FIFO methods from the same purchase data and explain why the two totals differ.

Prepare a bank reconciliation starting from both the bank balance and the book balance, and journalize only the book-side adjustments.

Record petty cash fund establishment, reimbursement with receipts, and any cash over/short in the correct accounts.

Journalize notes receivable and notes payable at issuance, at interest accrual, and at maturity, including the interest computation.

Estimate and record the allowance for doubtful accounts using both the percentage-of-receivables and the write-off/recovery cycle.

Compute depreciation by straight-line, declining-balance, and units-of-output for the same asset and compare the annual charges.

Journalize asset acquisition with incidental costs, depreciation, and disposal at a gain or loss, including the partial-year depreciation on disposal.

Record short-term securities purchases, dividend or interest income, and year-end fair-value revaluation through the correct valuation account.

Identify which incidental acquisition costs are capitalized versus expensed and justify each choice.

Journalize owner contributions, owner withdrawals, and the closing of net income or loss into the capital account.

Prepare the statement of changes in equity for a sole proprietorship and tie it to the closing entries.

Record consumption tax on sales and purchases using the tax-included and tax-excluded approaches, and compute the net tax payable at period end.

Distinguish between tax-qualified and non-qualified consumption tax treatment for small entities and state the journal impact of each.

Build an income statement in the standard step format, showing gross profit, operating profit, and ordinary profit in sequence.

Build a balance sheet with correct current/non-current classification and prove that total assets equal total liabilities plus equity.

Prepare a trial balance from a list of account balances and use it to locate at least three seeded errors.

Trace one transaction from journal to financial statement line to confirm the full reporting path.

Complete two full mock exams under timed conditions and score each against the answer key.

Categorize every wrong answer by domain and redo the underlying entry or computation for each error.

Re-drill the three weakest domains with fresh practice entries until accuracy exceeds 80 percent.

Write a one-page formula and entry cheat sheet from memory, then verify it against your notes.