This class was created by Brainscape user Rhys Bimpong. Visit their profile to learn more about the creator.
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Rhys Bimpong
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Decks in this class (12)
1. Accounting and ethical principles
Who are the primary users,
What s do the primary individuals...,
Where is this information provided
13
cards
2. Bookkeeping transactions
Whats a non current assest,
Whats an example of a transaction...,
What s the formula for cost of go...
25
cards
3. Purchases of Non-Current Assets
What do you not capitalise,
What s capitalisation,
What s capital expenditure
11
cards
4. Depreciation of a non-current assets
What s depreciation,
Whist accumulated depreciation,
What s the carrying amount
12
cards
5. Disposal of non-current assets
What s a gain or loss on on depre...,
What needs to be removed when a n...,
3
cards
6.Accurals and prepayments
Accruals,
Accruals principle,
Accrued expenses
9
cards
7. Inventories
Inventories,
What is inventory looked as on de...,
What s the formula for cost of go...
9
cards
8. Irrecoverable debts and allowances for doubtful receivables
Under the prudence concept a rece...,
If a,
How would you show irrecoverable ...
12
cards
11. The trial balance, errors and the suspense account
What should balance on the initia...,
What do you need to set up if the...,
Whats a suspense account
14
cards
12. The extended trial balance
What s extended trial balance,
2
cards
9. Bank reconciliation
What s the purpose of reconciliation
1
cards
10. Control account reconciliations
What are we doing with control ac...,
What is the memorandum accounts n...,
What s the receivable ledger acco...
9
cards
More about
AAT Level 3
- Class purpose General learning
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AAT - Level 3
- 5 decks
- 111 flashcards
- 516 learners
Decks:
Accounts Preperation, Prepare Final Accounts For Sole Traders, Indirect Tax, And more!
