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AAT (L2): FINAL Chapter Summary

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

By: Raj Choitram
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Decks in this class (11)

Chapter 2: Financial Documents for sales
When selling goods and services o...,
How does the seller request payment,
Who prepares the credit note
72  cards
Chapter 3: Accounting for sales & sales returns
Accounting for Sales & Sales returns
22  cards
Chapter 4: Process payments from customers
Who is remittance advice between,
How is payment received,
What must be done when remittance...
11  cards
Chapter 5: Process Documents from Suppliers
How may a business order goods se...,
What manual paper based documents...,
It is important to that what is d...
5  cards
Chapter 6: Accounting for purchases and purchases returns
What does the accounting system s...,
Financial documents relating to c...,
What is the purchases day book
6  cards
Chapter 7: Prepare payments to suppliers
When is a business ordering goods...,
What is a common practice for a s...,
Reconcilliation
6  cards
Chapter 8: Cash Book
How does the cash book record the...,
What is recorded on the debit side,
What is recorded on the credit side
9  cards
Chapter 9: Petty Cash Book
What does the petty cash book record,
Which side are petty cash receipt...,
Which side are payment recorded on
10  cards
Chapter 10: Balancing Accounts, accounting equation, capital & revenue.
How often must the traditional t ...,
What is the balance b d,
What does the balance of an accou...
8  cards
Chapter 11: The Initial Trial Balance
How is an initial trial balance p...,
What do debit balances include ac...,
What do credit balances include a...
8  cards
FINAL DECK - AAT: BA1: Chapter 1: Introduction to the accounting system
All businesses carry out,
Common transactions include,
Goods and services can be sold ei...
45  cards

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AAT (L2): FINAL Chapter Summary

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