This class was created by Brainscape user Taha Hamid. Visit their profile to learn more about the creator.
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Taha Hamid
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Decks in this class (13)
1 - Intro to accounting
What is accounting 1,
What are the types of business en...,
What is the difference between pr...
24
cards
2 - The accounting equation
What is an asset 1,
What is a liability 2,
What is capital 3
12
cards
3 - Recording financial transactions
What are some of the advantages o...,
What are elements within a comput...,
What is cloud computing and accou...
11
cards
4 - Ledger accounting and double entry
What is another name for a ledger 1,
What is a nominal general ledger 2,
What is dead clic 3
11
cards
5 - Preparing basic financial statements
How do we close off t accounts 1,
What should be in the debit and c...,
Where do you make trial balance a...
3
cards
6 - Errors and corrections to accounting records
What are the most common document...,
What are the required journal ent...,
Where do transactions that can t ...
8
cards
7 - Cost of sales and inventories
What are inventories 1,
What is the gross profit formula 2,
What is the cost of sales formula 3
15
cards
8 - Irrecoverable debts and allowances
What are irrecoverable debts and ...,
What do you do if an old customer...,
What does allowance for receivabl...
7
cards
9 - Accruals and prepayments
What are accruals and prepayments 1,
What do we do to ensure the expen...,
Reversing accruals and prepayments 3
6
cards
10 - Non current assets and depreciation
What is a non current asset 1,
What is the journal entry for a n...,
What are the costs of a nca 3
20
cards
11 - Company financial statements
What is the difference between th...,
What is share capital 2,
What are equity ordinary shares 3
16
cards
12 - financial statements
Spl gross profit 1,
How do you split up expenses usua...,
Tax expense 3
17
cards
13 - Statement of cash flows
Blank 1
1
cards
More about
Accounting 2025
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