This class was created by Brainscape user Lailatul Syifa. Visit their profile to learn more about the creator.
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Lailatul Syifa
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Decks in this class (14)
CH1-Assets, Liabilities And Tge Accounting Equation
Iasb conceptual framework definit...,
Iasb conceptual framework definit...,
Main purpose of sopl
5
cards
CH2 - SOPL & SOFP
Asset expenditure,
Expense revenue expenditure,
Cost of goods sold represent
6
cards
CH3 - Recording & Summarising Transactions
Importance of maintaining financi...,
Settlement discount allowedexpect...,
Settlement discount allowedexpect...
6
cards
CH4 - Posting Transaction, Balancing Acc & The Trial Balance
Output tax is charged on salestre...,
Input tax is incurred on purchase...,
Cash receipt in sales tax
13
cards
CH5 - Accounting Principal & Characteristics
A business own a nca which cost 4...,
A number of users would broadly a...,
A business applies the same depre...
13
cards
CH6 - Control Account & Correction Of Errors
Reasons for having control account,
Suspense account,
Reason for maintaining control ac...
12
cards
CH7 - Accruals & Prepayments
Joan s draft final accounts were ...,
Loss 1 486did not included accrua...,
Alan prepared his draft final acc...
13
cards
CH8 - Receivables & Irrecoverable Debts
Receivable balance is sofp,
Double entry write off irrecovera...,
Irrecoverable debts recovered wit...
5
cards
CH9 - COGS & The Treatment Of Inventories
Formula cost,
Formula selling price margin and ...,
Daniel made an error when he calc...
13
cards
CH10 - NCA & Depreciation
Profit loss on disposal of nca is,
Nca register,
Purpose of charging depreciation
18
cards
CH11 - The Accounts Of Sole Traders
Balance ob drawings,
On 1 dec 20x1 pat borrowed 40 000...,
When he closed his ledger account...
8
cards
CH12 - The Extended Trial Balance
Extended trial balance,
Extended trial balances,
Into which columns should he exte...
8
cards
CH13 - Incomplete Records
Sales formula,
Closing capital formula,
How to find purchase
12
cards
CH14 - Partnership
Definition of partnership,
Partnership agreement,
What is appropriation accounts
13
cards
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FA2
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