This class was created by Brainscape user Keeley Smylie. Visit their profile to learn more about the creator.
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Keeley Smylie
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Decks in this class (19)
Budgeting
What is a budget,
Advantages of budgets,
Limitations of budgets
13
cards
Incomplete Records
Positive impacts of double entry ...,
Negative impacts of double entry ...,
What s the accounting equation
25
cards
Partnerships
Advantages of partnerships,
Disadvantages of partnerships,
Characteristics of a partnership
6
cards
Published Accounts
2 reasons accounts are produced,
Main elements of published reports,
Why do companies publish accounts
30
cards
Share Issues
What is meant by the time apporti...,
What s a bonus issue,
What s a rights issue
7
cards
Cash Flow Statememts
Which ias covers the layout of th...,
Why is a cash flow statement useful,
Why is cash so important
20
cards
Accounting and Bookkeeping
List responsibilities of an accou...,
Management accounting,
Financial accounting
5
cards
Types Of Businesses Organisation
Give 2 advantages of being a sole...,
Disadvantages of being a sole trader,
2 advantages of partnership
12
cards
Stakeholders
External stakeholders,
State the interest the bank would...,
State the interest suppliers woul...
11
cards
Source Documents
What source document records good...,
What source document records good...,
What source document records cheq...
17
cards
The Accounting Process
6 books of prime entry,
A business bought goods on credit...,
A customer returns goods they bou...
8
cards
Cash Book
On which side of the cb is i mone...,
What is a contra entry,
Where must the balance of cash al...
8
cards
Bank Recs
What is a direct debit,
What is a standing order,
What is a credit transfer
12
cards
Trial Balance And Suspence A/c
What is used to draw up the trial...,
Name and describe the four types ...,
Which errors are corrected using ...
15
cards
Financial Statements
What does an income statement cal...,
Write out the title of an income ...,
I what is the top section of the ...
12
cards
Limited Company A/c
How to get profit from op from pr...,
What goes into the equity section...,
What is a revenue reserve
10
cards
Capital And Revenue Expenditures
What is the meaning of capital ex...,
What is the meaning of revenue ex...,
What is the meaning of capital in...
5
cards
Marginal Costing
What is a variable cost and 2 oth...,
What is a fixed cost and 2 other ...,
How to calculate total cost
14
cards
Accounting Concepts
How is prudence applied to invent...,
Define cost in relation to the co...,
Goods costing 500 are damaged can...
4
cards
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Accounting
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accounting
- 31 decks
- 1706 flashcards
- 1451 learners
Decks:
Chapter 1, Powerpoint 1, Powerpoint 2, And more!
