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Accounting- Grade 12

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

By: Casey Donnelly
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Decks in this class (16)

Chapter 10- Capital Assets
Journal entry to record selling o...,
Journal entry to record selling o...,
How to revise ammortization part ...
14  cards
Chapter 11- Current Liabilities
What is an operating line of credit,
3 categories of current liabilities,
What is collateral
21  cards
Chapter 12- Conceptual Framework
What are the four sections of cic...,
What is gaap,
What is the primary objective of ...
21  cards
Chapter 13- Partnerships
What is the partnership act,
What is a partnership,
What is association of individuals
36  cards
Chapter 18- CFS
What are the three classification...,
What is the purpose of the cash f...,
What two factors does a cfs help ...
4  cards
Chapter 1- Accounting in Action
What is a question asked by an in...,
What are the steps of the account...,
What is the difference between ac...
6  cards
Chapter 2- The Recording Process
What are the steps of the recordi...,
What is the double entry system,
What is an importance of the journal
7  cards
Chapter 3- Adjusting the Accounts
What does the accrual basis of ac...,
What are time periods called if t...,
What does the cash basis of accou...
14  cards
Chapter 4- Completion of the Accounting Cycle
What are the temporary accounts,
What is the purpose of closing en...,
What are the permanent accounts
8  cards
Chapter 5- Accounting for Merchandising Operations
How do you calculate net income,
How do you calculate gross profit,
What is an operating cycle
9  cards
Chapter 6
How do you calculate net sales,
What is the journal entry to reco...,
How do you calculate net purchases
14  cards
Chapter 8- Internal Controls
What is segregation of duties,
What is establishment of responsi...,
What are documentation procedures
13  cards
Chapter 9- Accounts Receivables
What is the journal entry to reco...,
What is the journal entry for the...,
What is the journal entry for the...
19  cards
Chapter 7- AIS
What are the principles of ais,
What does an accounting informati...,
What are the steps for developmen...
5  cards
Chapter 14- Corporate Capital
What is the journal entry to clos...,
What are the three entries to rec...,
What is the journal entry to clos...
12  cards
Chapter 15- Dividends
What is the journal entry made fo...,
What is the journal entry made fo...,
What is the journal entry to reco...
17  cards

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Accounting- Grade 12

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