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Producing Financial Statements

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

By: Charlie Spain
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Decks in this class (13)

Accruals and Repayments
What is the double entry for accr...,
What is the double entry for the ...,
What is the double entry for prep...
13  cards
Session 1
What is the statement of financia...,
What is the definition of a curre...,
What is the accounting equation
20  cards
Extended Trail Balance
How is capital recorded on a tria...,
How is sales recorded on a trial ...,
How is sales returns recorded on ...
27  cards
Acquisition of non-current assets
What is capital expense,
What is revenue expenditure,
When capitilising assets what is ...
29  cards
Irrecoverable Debt and Doubtful Debt
Where is irrecoverable debt found...,
What is the double entry for irre...,
In the irrecoverable debt t accou...
13  cards
Control Accounts, Bank Rec and Inventories
What is included on the dr and cr...,
What is included on the dr and cr...,
What is included on the dr and cr...
19  cards
Trial Balance, Errors and Suspense Account
What are the errors which causes ...,
Errors which will be corrected th...,
When to use a suspense account
10  cards
Preparing Financial Statement for Sole Trader
Whats the double entry for proper...,
What is the,
Due to the credit entry for propr...
22  cards
Accounts for Partnerships
In the partnership appropriation ...,
Steps to completing the partnersh...,
What is a current account
12  cards
Incomplete Records
What are the dr and cr on a recei...,
What are the dr and cr on a payab...,
What is a kep point to note about...
11  cards
Profitbility Ratio’s
What is the gross profit percentage,
Net profit percentage profit for ...,
What is the expense revenue perce...
13  cards
Trial Balance
Bank,
Capital,
Closing inventory
27  cards
Inventories
Name the accounting standards ass...,
How is net realisable value calcu...,
Is carriage inwards or carriage o...
9  cards

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Producing Financial Statements

  • Class purpose General learning

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