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500. Bookkeeping Made Simple

This class was created by Brainscape user Mejor Aun. Visit their profile to learn more about the creator.

By: Mejor Aun
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Decks in this class (10)

Bookkeeping 01
Bookkeeping means keeping records of,
A transaction is,
A transaction may be
10  cards
Bookkeeping 02
The basic principle behind double...,
The balance sheet shows,
The operating statement p l shows
10  cards
Bookkeeping 03
Accounts receivable is,
List current assets in order of l...,
List plant assets capital assets ...
9  cards
Bookkeeping 04. Chapter 2
The most basic principle of bookk...,
Explain the balance sheet equation,
The fundamental accounting equati...
8  cards
Bookkeeping 05
In the balance sheet how are asse...,
In the assets of a business the i...,
How is the initial capital transa...
10  cards
Bookkeeping 06
When expenses are subtracted from...,
Revenue expenses and net income a...,
What are some other terms for ope...
4  cards
Bookkeeping 07
What are the steps of the account...,
The accounting cylcle starts when...,
These transactions must be record...
9  cards
Bookkeeping 08
Every time you make a record in t...,
In the double entry system each t...,
To begin the journal you head up ...
9  cards
Bookkeeping 09
Mnemonic device for accounts that...,
Mnemonic device for accounts that...,
In any given account under normal...
10  cards
Bookkeeping 10
When you enter transactions in th...,
The ledger separates entries by t...,
What is an example of an account ...
9  cards

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500. Bookkeeping Made Simple

  • Class purpose General learning

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