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Accounts

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

By: Rachael Davidson
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Decks in this class (15)

Charging clients
What is revenue expenditure 1,
What is capital expenditure 2,
What is depreciation 3
5  cards
books of prime entry
Petty cash journal 1,
Cash journal 2,
Client transfer journal 3
7  cards
VAT
Agency method 1,
Principal method 2,
Principal method paying bill 3
4  cards
Billing a client
Recording bill sent 1,
Transferring balance from client ...,
When bill paid 3
5  cards
Banking system
Cheques 1,
Bankers draft 2,
Bacs 3
5  cards
Bank Reconciliation Statements
Purpose 1,
Reasons for variance 2,
Form 3
4  cards
Trial Balance
Purpose 1,
What is it 2,
Suspense account 3
5  cards
Client Account Recon statement
What is it 1,
Form 2,
Client account bank recon stateme...
3  cards
Balances to identify breaches of CLC accounts code
Client account reconciliation sta...,
Client account bank reconciliatio...,
Cash ledger client account dr or ...
5  cards
Year End Accounts Profit and Loss Sheet
What does it do 1,
Sole practitioner profit and loss...,
Sole practitioner 3
7  cards
Year End Accounts Balance Sheet
What is it for 1,
Content 2,
Capital recorded sole practioner 3
7  cards
Year End Accounts Adjustments
Why do we make adjustments 1,
Accruals or matching concept 2,
Prepayments 3
13  cards
Analysing year end accounts - ratios
Operating ratio return on capital...,
Operating ratio net profit percen...,
Gearing ratio current ratio 3
4  cards
Cashflow forecasting
What is it 1,
Why do we need it 2,
Payments 3
7  cards
Correcting errors
Correction of entry in full 1,
Correcting by compensating entry 2
2  cards

More about
Accounts

  • Class purpose General learning

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