This class was created by Brainscape user ash ley. Visit their profile to learn more about the creator.
By:
ash ley
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Decks in this class (13)
chapter 1 - intro to accounting
Definition of book keeping,
Definition of accounting,
Definition of statement of financ...
9
cards
chapter 13 - irrecoverable debts & prov. for doubtful debts
Definition of irrecoverable bad debt,
Reasons for bad debts,
When debt is written off dr cr what
6
cards
chapter 12 - depreciation & disposal of nca
Definition of depreciation,
Application of principle for depr...,
Prudence principle for depreciation
13
cards
chapter 11 - other payables & other receivables
Definition of accrued expense,
Explain why accrued expenses shou...,
Definition of prepaid expense
7
cards
chapter 10 - accouning rules
Definition of accounting principles,
Definition of business entity,
Definition of consistency
25
cards
chapter 9 - financial statements - part b
Definition of statement of financ...,
Definition of non current assets,
Definition of current assets
6
cards
chapter 8 - financial statements - part a
Definition of income statement,
Definition of gross profit,
Definition of profit for the year
7
cards
chapter 7 - books of prime entry
Definition of book of prime entry,
Advantages of books of prime entry,
Definition of sales journal
7
cards
chapter 6 - business documents
Definition of invoice,
Definition of trade discount,
Definition of debit note
7
cards
chapter 5 - petty cash books
Definition of petty cash book,
Definition of impress system,
Purpose of petty cash book
5
cards
chapter 4 - double entry - part b
Definition of sales ledger,
Definition of purchases ledger,
Definition of nominal ledger
10
cards
chapter 3 - trial balance
Definition of trial balance,
Purpose of trial balance,
Explain what determines whether t...
8
cards
chaoter 2 - double entry book-keeping - part a
Definition of double entry book k...,
Definition of drawings,
Definition of balance
8
cards
More about
accounting
- Class purpose General learning
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