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Neil Millard
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Decks in this class (17)
CHAPTER 1 - KEEPING ACCOUNTS
Why do we keep accounts 1,
What do accounts record 2,
Accounts assist in 3
7
cards
CHAPTER 2 - ACCOUNTING EQUATION
What is capital 1,
Define fixed and current assets 2,
Define long terms and current lia...
8
cards
CHAPTER 3A - DOUBLE ENTRY
Name the 4 rules for making doubl...,
What 4 pieces of information do y...,
What is the trail balance and wha...
10
cards
CHAPTER 4 - CREDIT TRANSACTIONS
What are the books of prime entry...,
How do we account for sales and p...,
Which ledger do supplier accounts...
5
cards
CHAPTER 3B - VAT
What is output tax and how is it ...,
What is input tax and how is it r...,
Explain the implications of a tot...
5
cards
CHAPTER 5 - THE CASH BOOK
What is the cashbook and where is...,
Why is the cashbook separate from...,
What are the main documents used ...
5
cards
CHAPTER 6 - DISCOUNTS
What is a trade discount and how ...,
What is a cash settlement discount 2,
What is a discount received and h...
5
cards
CHAPTER 7 - CONTROL ACCOUNTS
Give 4 points about control accou...,
Names 5 advantages of producing c...,
Are cash sales purchases recorded...
10
cards
CHAPTER 8 - THE TRIAL BALANCE
Give 2 reasons for preparing a tr...,
Which accounting equation applies...,
Name and describe the 6 errors no...
4
cards
CHAPTER 8B - THE JOURNAL
What is the journal used for 1,
When are journal entries posted 2,
What is in a journal entry 3
5
cards
CHAPTER 11 - DEPRECIATION
What 2 reasons do we record depre...,
Name 4 reasons why assets depreci...,
Explain straight line depreciatio...
5
cards
CHAPTER 10 - ACCRUALS AND PREPAYMENTS
What is an accrual and how is it ...,
What is a prepayment and how is i...,
How are accruals and prepayments ...
4
cards
CHAPTER 9 - FINAL ACCOUNTS OF SOLE TRADERS
Which 2 financial statements make...,
How do get the closing stock valu...,
What does the trading account show 3
10
cards
CHAPTER 13 - NON-STAT ACCOUNTS FOR LTD COS
What are the 4 sources of capital...,
Name the 2 types of share capital 2,
What s the difference between the...
16
cards
CHAPTER 12 - BAD DEBT
What happens to the bad debt writ...,
When and how is a provision for b...,
How are increases and decreases t...
3
cards
CHAPTER 18 - BUDGETS
List the main budgets produced 1,
List the reasons for preparing bu...,
What is considered when preparing...
14
cards
CHAPTER 17 - CASH OPERATING CYCLE
Name one of the main reasons firm...,
Name reasons that may cause a sho...,
Explain the steps in the trading ...
9
cards
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ACCOUNTING PRINCIPLES
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