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Accounting AOS 2

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

By: Michael Conti
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Decks in this class (10)

Accounting Principles and Qualitative Characteristics
Consistency,
Historical cost,
Entity
15  cards
Accounting Elements
Liabilities,
Owners equity,
Assets
3  cards
The Accounting Equation
Why does the accounting equation ...,
Accounting equation and its varia...,
Equities
3  cards
Classification In The Balance Sheet
Current asset,
Non current asset,
Current liability
6  cards
The Two Fold Effect Of Transactions On The Balance Sheet
What is double entry accounting,
State the two rules of double ent...
2  cards
Source Documents
Source documents,
2 roles of source documents,
Gst goods and services tax
51  cards
Chap 8
Why do we have to calculate profit,
Revenue,
Expense
8  cards
Budgeting
Budgeting,
Budgeting reports look almost exa...,
2 purposes of budgeting
24  cards
Small Business
Reasons for establishing a busine...,
Profit motive,
A desire for greater freedom inde...
19  cards
Sources Of Finance
Internal finance,
2 internal sources of finance,
Pros and cons of capital contribu...
15  cards

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Accounting AOS 2

  • Class purpose General learning

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