This class was created by Brainscape user Christin Titz.

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Decks in this class (16)

Test 1
What is a balance sheet used for 1,
What does the balance sheet provi...,
What are the 2 main accounting re...
69  cards
Practice Accounting Equivalencies
What is the accounting equation w...,
What is the accounting equation w...,
What is the accounting equation w...
12  cards
Test 3
Accurals prepaid expenses 1,
Accruals prepaid revenue 2,
Accrual accured expenses 3
35  cards
Test 4
Quick ratio minimum 1,
Cash ratio good measure 2,
Current ratio good range 3
70  cards
Full accounting procedure
What is the full accounting proce...,
0 opening 2,
2 re opening entries 3
9  cards
Inventory
Inventories definition 1,
Types of inventories 2,
Merchandise 3
35  cards
VAT
Definition 1,
Output vat 2,
Output vat credit sale entry 3
14  cards
Payroll
Definition 1,
Gross salary 2,
Net salary definition 3
16  cards
Accruals
Accrual accounting definition 1,
Why are inventory adjustments nee...,
Entries you buy 120 packs of spag...
7  cards
Impairments
Inventory measurement initial 1,
Inventory measurement ending 2,
Nrv equation 3
22  cards
Provisions
Provision definition 1,
Only book provisions when 1,
General provision entry 2
8  cards
corporate income tax
Definition 1,
Tax year 2,
Calculating taxable base 3
11  cards
NCA
Definition points 1,
Types of nca 2,
When do we put goodwill onto bs 3
13  cards
NCL
Key points of financial liabiliti...,
Initial measurement financial lia...,
Long term financing of purchases ...
11  cards
basic concepts
What is the role of accounting 1,
Going concern 2,
Accrual 3
22  cards
financial analysis points
Current ratio 1,
Quick ratio 1,
Cash ratio 2
16  cards

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Accounting

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