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Accounting iGCSE

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

By: Joanne Reynolds
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Decks in this class (15)

Chapter 5
A book where transactions are fir...,
Contains the bank and cash accoun...,
Cash discounts allowed by a suppl...
34  cards
Chapter 1
Businesses or individuals to whom...,
Calculates the profit made by a b...,
All those people or groups of peo...
16  cards
Chapter 2
What the business owes the owner ...,
Resources of monetary value that ...,
Amounts that the business owes pe...
27  cards
Chapter 3
System that ensures that each bus...,
Ord in ledgers used to collect an...,
Act of using one book to transfer...
17  cards
Chapter 4
Copy of an invoice retained by a ...,
Invoice received by a customer fo...,
Given to customers for paying the...
25  cards
Chapter 6
A statement that lists account na...,
The value of inventory that has r...,
Goods ready for sale after having...
29  cards
Chapter 7
What are three types of errors th...,
What are the six types of errors ...,
A temporary account opened to mak...
5  cards
Chapter 8
Copy of the customer s account as...,
Facility to transfer money from o...,
Process that
7  cards
Chapter 9
Account used to record the totals...,
Account used to record the totals...,
Smaller of the two debts that mak...
3  cards
Chapter 27
Objective stating that financial ...,
Ensures that financial statements...,
Objective ensuring that financial...
10  cards
Chapter 26
Principle ensuring that liabiliti...,
Principle stating that revenue ca...,
Principle stating that only trans...
16  cards
Chapter 25
What are the three limitations of...,
The value placed on an asset in t...,
Does historic cost reflect the ma...
4  cards
Chapter 24
Interested parties within the bus...,
Interested parties outside the bu...,
What are the two groups of intern...
16  cards
Chapter 23
Explain four reasons why inter fi...
1  cards
Equations
What is the formula for gross margin,
How can gross margin be improved,
What does it suggest if the gross...
23  cards

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Accounting iGCSE

  • Class purpose General learning

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