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2022_3A_theory+ concept

This class was created by Brainscape user Loh Hwee Hwa. Visit their profile to learn more about the creator.

By: Loh Hwee Hwa
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Decks in this class (12)

Chp 1_ Intro to Accounting
Explain the differences between t...,
State the role of accounting 2,
What do accountants do to help st...
8  cards
Chp 2: Accounting Information System
Explain the difference between ca...,
Explain the accounting informatio...,
Explain objectivity theory 3
11  cards
Chp 3: Elements and accounting equation
Define assets 1,
Define liabilities 2,
Define equity 3
8  cards
Chp 4: Double entry recording
Define trade discount 1,
Explain why trade discount is giv...,
Define cash discount 3
16  cards
Chp 5: Trial Balance
Explain the purpose a trial balan...,
Explain the limitation of a trial...,
What is the purpose of the tradin...
9  cards
Chp 5 - P2Q1 adjustments
Additional information 1,
Additional information 2,
Additional information 3
12  cards
Chp 6: Revenue and other income
Explain the accrual basis of acco...,
Explain the revenue recognition t...,
Rent income receivable is classif...
12  cards
Chp 7: Expenses
Info relating to insurance expens...,
Info relating to insurance expens...,
Info relating to insurance expens...
12  cards
Chp 8 : Cash
Give 2 reasons why cheques are re...,
Explain how internal controls pro...,
Explain 2 reasons why bank reconc...
7  cards
Chp 9: Inventories
Explain why businesses keep inven...,
Explain the valuation of inventor...,
Cost price of inventory is 100 ne...
11  cards
Chp 10 : Trade receivables
State the journal entry when busi...,
Journal entry when credit custome...,
Journal entry when credit custome...
10  cards
Chp 12: Trade Payables
State the journal entry when busi...,
Journal entry when business retur...,
Journal entry when business paid ...
7  cards

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2022_3A_theory+ concept

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