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

Decks in this class (27)

Source Documents
Purchase invoice,
Sales invoice,
Invoice
9  cards
RAIL
Asset,
Asset example,
Liability
11  cards
INFORMATION OBTAINED FROM BANK STATEMENT
Standing order,
Direct debit,
Debit card transactions
6  cards
TRADE DISCOUNT AND CASH DISCOUNT
Trade discount,
Cash discount
2  cards
Receivable Ledger
Debit,
Credit,
How do you know when the customer...
4  cards
Payable Ledger
Debit,
Credit,
How is the amount from the suppli...
4  cards
Mrs Snows Knowledge Test
What is a sales journal,
What is a purchase journal,
What is the sales returns journal
13  cards
Mr Lewis Knowledge Test
Standing order,
Direct debit,
Credit transfer
8  cards
Benefits of Preparing Bank Reconciliation Statement
It enables missing entries in the...,
Benefit,
Benefit
6  cards
Ms Snow Assessed Task
Where is the sales ledger control...,
What does the sales ledger contro...,
Sales ledger control account debit
12  cards
Ms Snow Assesed Task Pt 2
Benefit,
Benefit,
Benefit
5  cards
Income Statements
Revenue,
Sales returns,
Purchases
12  cards
Full Income Statement
Full income,
Full statement of financial position
2  cards
Key Terminology
Non current assets,
Current assets,
Inventory
14  cards
Accountig Knowledge Test 19/12
Income statement,
Statement of financial position,
Revenue
21  cards
Mr Jey Knowledge Test 15nth Jan
Rail,
Addition error,
Partial omission error
13  cards
Role of an Account
Management accounting,
Planning,
Control
9  cards
Applications of Accounting Concepts
Business entity,
Money measurement,
Duality
10  cards
Accounting Concepts
Business entity,
Money measurement,
Duality
9  cards
mr jey 11nth march
Capital expenditure,
Lidia,
What can lidia include
20  cards
mrs snow 13nth may
What are the different types of o...,
What is a sole trader,
Advantages of being sole traer
19  cards
mr jey 18nth march
Owners capital,
Advntage of owners capital,
Disadvantage of owners capital
21  cards
assesment 19nth march
Cost layout left side,
Cost layout right side,
Provision for depreciation left side
6  cards
budgets knowledge test
Budget,
Variance,
Target setting benefit
17  cards
limited companies knowledge test
Example of extract income statement,
Example of equity section,
Example of equity
12  cards
profitability ratios
Gross profit margin,
Mark up,
Profit in relation to revenue
17  cards
marginal costing
Direct cost,
Indirect cost,
Variable costs
17  cards

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Accounting

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Accounting
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  • 12 learners
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