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

More about
Accounts

  • Class purpose General learning

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