1
Q
How to take income and expenses to SPL?
A
Calculate the balancing figure by totalling up both sides and finding the difference. That figure goes to SPL.
2
Q
What is included in the trial balance?
A
A list of all nominal ledger balances shown in debit and credit columns - debits should = credits
Accounting Certificate Level
flashcards
Decks in class (13)
# Cards
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Introduction to accounting29
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The Accounting Equation9
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Recording Financial Transactions15
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Ledger Accounting and Double Entry12
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Preparing Basic Financial Statements2
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Errors and Corrections18
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Cost of sales and Inventories19
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Irrecoverable Debts and Allowances10
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Accruals and Prepayments13
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Non-current Assets and Depreciation27
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Company Financial Statements28
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Statement of Cash Flows21
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Statements under UK GAAP5
