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Loh Hwee Hwa
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Decks in this class (21)
Chp 1_ Intro to Accounting
Explain the differences between t...,
State the role of accounting,
List what accountants do to help ...
9
cards
Chp 2: Accounting Information System
Explain the difference between ca...,
Explain the accounting informatio...,
Explain objectivity theory
11
cards
Chp 3: Elements and accounting equation
Define assets,
Define liabilities,
Define equity
8
cards
Chp 4: Double entry recording
Define trade discount,
Explain why trade discount is given,
Define cash discount
16
cards
Chp 5: Trial Balance
Explain the purpose a trial balance,
Explain the limitation of a trial...,
What is the purpose of the tradin...
9
cards
Chp 5 - P2Q1 adjustments
Additional informationcost of inv...,
Additional informationcost of inv...,
Additional informationcost of inv...
14
cards
Chp 6: Revenue and other income
Explain the accrual basis of acco...,
Explain the revenue recognition t...,
Rent income receivable is classif...
12
cards
Chp 7: Expenses
The following information relatin...,
The following information relatin...,
The following information relatin...
12
cards
Chp 8 : Cash
Explain why cheques are rejected ...,
Explain how internal controls pro...,
Explain 2 reasons why bank reconc...
7
cards
Chp 9: Inventories
Explain why businesses keep inven...,
Explain the valuation of inventor...,
Cost price of inventory is 100 no...
13
cards
Chp 10: Trade receivables _ Imp loss on TR
What is the nature of allowance f...,
State the journal entry when busi...,
Trade receivables 10001 jan allow...
14
cards
Chp 10 : Trade receivables
State the journal entry when busi...,
Journal entry when credit custome...,
Journal entry when credit custome...
10
cards
Chp 11 : Capital and Revenue Expenditure
State the journal entry when busi...,
Explain the differences between c...,
Define materiality theoryhint thi...
8
cards
Chp 11 : Depreciation
State the causes of depreciation,
Can you remember the journal entr...,
State and explain the need for de...
11
cards
Chp 11 Sale of non-current assets
Sale of a non current asset,
Explain the transaction on jun 1,
Explain the transaction on jun 1
5
cards
Chp 12: Trade Payables
State the journal entry when busi...,
Journal entry when business retur...,
Journal entry when business retur...
7
cards
Chp 13: Borrowings
Explain the differences between b...,
Journal entry when business takes...,
Journal entry when business takes...
15
cards
Chp 14: Equities (I)
Explain the accounting of capital...,
How to calculate capital,
Journal entries to record transfe...
13
cards
Chp 15 Correction of errors
Payment of 80 for the owner s per...,
Credit purchase of furniture cost...,
Credit sale of 300 to alan has be...
9
cards
Chp 14: Equities (2)
Prepare journal entries when busi...,
Journal entry for the transfer of...,
Journal entry for the transfer of...
8
cards
Chp 15: Financial Statement Analysis
Can you recall the formula,
Can you recall the formula,
Can you recall the formula
10
cards
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2024_4 Care+Empathy POA_Theory + Concepts
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