This class was created by Brainscape user Ruqayyah Mohamed Hakeem.

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Decks in this class (16)

Key terms
What does profit mean 1,
What does cost of sales mean 2,
What does gross profit mean 3
11  cards
3.1 An introduction to the role of the accountant in business
What does an accountant do 1,
What are accounts 2,
What are 4 responsibilities of th...
14  cards
3.6 Preparation of financial statements for sole traders: Income statement
Trade Accounts: Income Statement
19  cards
3.6 Preparation of financial transactions for sole traders: Income statement (below gross profit)
Income Statement (below gross profit)
8  cards
3.6 Preparation of financial transactions for sole traders: Statement of financial position.
What is a statement of financial ...,
What should the title look like f...,
What is the accounting equation i...
24  cards
3.3 The double entry book
Where are financial transactions ...,
Where is the document of the fina...,
What is a daybook 3
10  cards
3.3 The double entry bookkeeping system (Documents)
What is the accounting process in...,
What are the documents in account...,
What are the 9 types of documents 3
12  cards
3.3 The double entry bookkeeping system (Daybooks/Journals)
What is a daybook journal 1,
Where is a document recorded 2,
What are the 6 types of daybooks 3
10  cards
3.3 The double entry bookkeeping system (Ledger accounts)
What is the double entry bookkeep...,
What is ledger t account 2,
What is a daybook journal 3
18  cards
3.3 The double entry bookkeeping system (Sales Ledger Account)
What is a sales ledger account 1
1  cards
3.3 Depreciation
What is depreciation 1,
What are two reasons non current ...,
What are the 4 calculations depre...
18  cards
3.3 Depreciation (Ledger accounts)
What accounts are debited and cre...,
What accounts are debited and cre...,
What accounts are debited and cre...
13  cards
Accruals and prepayments
What is an accrued expense 1,
What is the accounting treatment ...,
What is a prepaid expense 3
13  cards
Depreciation (TB/IS/SFP)
How is depreciation recorded in t...,
How is depreciation recorded in t...,
How is depreciation recorded in t...
4  cards
Gain or loss on disposal (TB/IS/SFP)
How is a gain on disposal recorde...,
How is a loss on disposal recorde...,
How is a gain on disposal recorde...
7  cards
Accruals and prepayments (TB/IS/SFP)
What is an accrued expense 1,
What is the accounting treatment ...,
What is a prepaid expense 3
11  cards

More about
Accounting AQA

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