This class was created by Brainscape user Rhys Bimpong. Visit their profile to learn more about the creator.
By:
Rhys Bimpong
- decks
- flashcards
- learners
Decks in this class (12)
1. Accounting and ethical principles
Who are the primary users 1,
What s do the primary individuals...,
Where is this information provided 3
13
cards
2. Bookkeeping transactions
What s a double entry 1,
Whats an example of a transaction...,
What s the formula for cost of go...
25
cards
3. Purchases of Non-Current Assets
What do you not capitalise 1,
What s capitalisation 2,
What s capital expenditure 3
11
cards
4. Depreciation of a non-current assets
What s depreciation 1,
Whist accumulated depreciation 2,
What s the carrying amount 3
12
cards
5. Disposal of non-current assets
What s a gain or loss on on depre...,
What needs to be removed when a n...,
Blank 3
3
cards
6.Accurals and prepayments
Accruals 1,
Accruals principle 2,
Accrued expenses 3
9
cards
7. Inventories
Inventories 1,
What is inventory looked as on de...,
What s the formula for cost of go...
9
cards
8. Irrecoverable debts and allowances for doubtful receivables
Under the prudence concept a rece...,
If an asset is definitely irrecov...,
How would you show irrecoverable ...
12
cards
11. The trial balance, errors and the suspense account
What should balance on the initia...,
What do you need to set up if the...,
Whats a suspense account 3
14
cards
12. The extended trial balance
What s extended trial balance 1,
Blank 2
2
cards
9. Bank reconciliation
What s the purpose of reconciliat...
1
cards
10. Control account reconciliations
What are we doing with control ac...,
What is the memorandum accounts n...,
What s the receivable ledger acco...
9
cards
More about
AAT Level 3
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Rhys Bimpong's AAT Level 3 flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
AAT - Level 3
- 5 decks
- 111 flashcards
- 571 learners
Decks:
Accounts Preperation, Prepare Final Accounts For Sole Traders, Indirect Tax, And more!
