This class was created by Brainscape user Cyrus Barnes. Visit their profile to learn more about the creator.

Decks in this class (12)

Accural And Prepayments
What can accruals and prepayments...,
In the ledger where is the amount...,
How is prepaid rent recorded in t...
13  cards
Role Of Accountant
What is the primary responsibilit...,
What financial statements are typ...,
What does the income statement show
11  cards
Management Accounting + Financial Accounting
What is the primary purpose of ma...,
Who are the internal users of man...,
List the roles that management ac...
18  cards
The Overseeing Of Bookeepers And Ledgers Clerks
What is one of the roles of an ac...,
What common goal must accountants...,
What day to day duties do bookkee...
7  cards
Types Of Business Organisations
What is a sole trader,
What is the financial responsibil...,
What are drawings in the context ...
21  cards
Double Entry Bookkeeping
What is a source document,
List some common source documents,
What information is typically fou...
30  cards
Book Of Prime Entry
What is the primary purpose of ac...,
What is the initial book of entry...,
Name the primary journal for cred...
9  cards
Assets,Liabilities, Income And Expenses
What are assets,
What are liabilities,
What is income
6  cards
Double Entry And The Accounts Ledger
What is the purpose of the books ...,
What are ledger accounts made up of,
What additional ledgers are inclu...
37  cards
Verifying Accounting Records
What does the bank balance in the...,
What if the bank balance in the c...,
What is a big reason the bank bal...
35  cards
Other Adjustments
Irrecoverable bad debts,
What is the most common reason fo...,
What is a bad debt entered as
33  cards
Accounting Concepts
Cost as an account concept,
Dual affect,
Going concern
8  cards

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Accounting

  • Class purpose General learning

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  • 31 decks
  • 1706 flashcards
  • 1450 learners
Decks: Chapter 1, Powerpoint 1, Powerpoint 2, And more!
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