This class was created by Brainscape user Owen Robinson. Visit their profile to learn more about the creator.
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Owen Robinson
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Decks in this class (20)
Books Of Prime Entry
Which book of prime entry do purc...,
Which book of prime entry do sale...,
Which book of prime entry does ti...
6
cards
Ratio
Capital gearing equation,
Current ratio equation,
Expenses in relation to revenue e...
13
cards
Budgeting
Benefits of budgeting,
Drawbacks of budgeting,
Advantages of zero based budgeting
6
cards
Role Of The Accountant
What are the responsibilities of ...,
What is the role of bookkeepers
2
cards
Difference Between Cash And Profit
Why might a profitable business h...,
Reasons for cash and profit being...
2
cards
Double Entry Model
What is the fundamental principle...,
True or false the double entry mo...,
In the double entry model what ar...
10
cards
Verification Of Accounting Records
What is the purpose of verifying ...,
True or false verification of acc...,
What are the main methods used to...
10
cards
Accounting Concepts
Money measurement,
Duality definition,
Objectivity definition
11
cards
Stakeholders
Who are external stakeholders,
Who are internal stakeholders,
What stake do suppliers have in a...
9
cards
The Accounting Equation
What is the accounting equation
1
cards
The Ledgers
What are the 3 ledgers,
How are t accounts labelled,
How do you balance a t account
3
cards
The Cash Book
What does an overdrawn balance lo...,
What is a trade discount,
What is a trade discount
6
cards
Adjustments To Ledgers
What is an accrued expense,
What is a prepaid expense,
What is irrecoverable debt
6
cards
Further Adjustments To Ledgers
Repayment of a loan definition,
Loan interest definition,
Drawings if cash definition
5
cards
Disposal
Steps of sale of an nca,
Steps of part exchange of an nca
2
cards
Capital And Revenue Expenditure
What is capital expenditure,
What is revenue expenditure,
Capital expenditure examples for ...
6
cards
The Trial Balance
What is the trial balance,
How does the trial balance help w...,
How does the trial balance check ...
6
cards
The General Journal
0
cards
Bank Reconcilliation Statements
What can cause the bank statement...,
Bank reconciliation statement layout
2
cards
Service Businesses
What are some examples of service...,
How do service business financial...
2
cards
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Accounting
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accounting
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- 1706 flashcards
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Decks:
Chapter 1, Powerpoint 1, Powerpoint 2, And more!
