This class was created by Brainscape user Arsha Tehrani. Visit their profile to learn more about the creator.
By:
Arsha Tehrani
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Decks in this class (13)
Accounting chapter 1
Define book keeping,
Define accounting,
Book keeping vs accounting
11
cards
Accounting chapter 2
Define double entry book keeping,
Define ledger,
Define expense
9
cards
Accounting chapter 3 (Trial Balance)
Define trial balance,
Purpose of a trial balance,
Where can the trial balance be us...
10
cards
Accounting chapter 4 (Double entry Book-Keeping)
Define division of ledger,
Name the 4 division of ledgers,
Define sales ledger
23
cards
Accounting chapter 5 (Petty Cash)
Define petty cashbook,
Advantages of petty cashbook,
Define the imprest system
6
cards
Accounting chapter 6 (Business Documents)
List the main business documents ...,
Define invoice,
Define invoice
15
cards
Accounting chapter 7 (Books of Prime entry)
List the books of prime entry,
Define sales journal,
Define sales return journal
5
cards
Accounting chapter 8 (Income statement)
Properties of operating as a sole...,
When are financial statements pre...,
How many parts are there to a fin...
14
cards
Accounting chapter 9 (Financial Position)
Define statement of financial pos...,
What are the two types of assets,
Define non current assets
12
cards
Accounting chapter 10 (Accounting Rules)
Why is accounting principles impo...,
Define business entity accounting...,
Define the principle of cosistency
25
cards
Accounting chapter 11 (Accrued and Prepaid)
Define accrued expense,
What category does accrued expens...,
Define prepaid expenses
8
cards
Accounting chapter 12 (Depreciation and Disposal of Non-Current Asset)
How many methods are there for ca...,
What are the 3 methods of calcula...,
What is depreciation
14
cards
Accounting chapter 13 (Irrecoverable debt and Provision for doubtful debts)
What is irrecoverable debt,
When is a debt written off,
When can a written off debt be re...
7
cards
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Accounting
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