This class was created by Brainscape user Ngu Yu En Adrienne (Prss).
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Ngu Yu En Adrienne (Prss)
- decks
- flashcards
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Decks in this class (16)
chapter 2 theory
Cash transactions 1,
Credit transactions 2,
What is accounting cycle 3
15
cards
chapter 2 theory (sentences)
Define the term source document 1,
Explain using an accounting theor...
2
cards
chapter 1 theory
Two types of businesses 1,
Explain the diff btwn trading and...,
Describe examples of trading busi...
16
cards
chap 1 theory part 2
Advantages of sp 1 1,
Advantages of sp 2 2,
Advantages of sp 3 3
22
cards
chap 1 theory part 3
Disadv of sp 1 1,
Disadv of sp 2 2,
Disadv of llp 1 3
4
cards
chap 3 theory
Define assets 1,
Non current assets are 2,
Egs of non current assets 3
16
cards
chap 4 theory
State the diff between trade disc...,
State the diff between trade disc...,
State the diff between discount a...
5
cards
chap 5 theory
Define a trial balance 1,
Explain the purpose of a trial ba...,
Explain the purpose of trial bala...
16
cards
Chap 8 theory
Define dishonoured cheque 1,
State the reasons for a dishonour...,
State the purpose of internal con...
5
cards
Chap 9 inventories
Define the term inventories 1,
State how a business manages inve...,
Expl how the cost of inventory pu...
7
cards
chap 10 trade receivables
Define the term trade receivables 1,
Expl why business grant credit to...,
Expl the term allowance for impai...
8
cards
EOY theory p1 (confirmed)
Expl the difference btwn a tradin...,
State the role of accounting 2,
State the role of accountants 3
19
cards
EOY theory p2 (possible)
Expl the term allowance for impai...,
Expl impt loss of trade recievabl...,
Non accounting info that business...
13
cards
chap 11 theory (non current assets)
Expl the diff btwn capital and re...,
State and expl 2 accounting theor...,
State and expl 2 accounting theor...
8
cards
chap 13 theory
Define long term borrowings 1,
Define cpltb 2,
Define bank overdraft 3
7
cards
chap 14 theory
Define equity 1,
Define capital 2,
Define drawings 3
9
cards
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