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Jenna Lewis
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Decks in this class (7)
Chapter 1: Double-entry Bookkeeping
What is the accounting equation,
Which books of prime entry belong...,
Name the 3 books of prime entry a...
6
cards
Chapter 2: Accounting for VAT and Payroll
What is output and input tax,
What would a debit or credit bala...,
When is vat calculated when trade...
6
cards
Chapter 3: Capital and Revenue Expenditure
Define a non current asset and gi...,
Define capital expenditure and gi...,
Define revenue expenditure
8
cards
Chapter 4: Depreciation
What is the accruals concept,
Name the three factors to conside...,
What are the two ways of calculat...
6
cards
Chapter 5: Disposal of Capital Assets
Give the two reasons why a dispos...,
What are the steps and the entrie...,
What are the steps and the entrie...
3
cards
Chapter 6 & 14: The Extended Trial Balance
What is the purpose of an extende...,
What are the five steps to prepar...
2
cards
Chapter 7:
Name the six primary users of fin...,
What are the seven accounting pri...,
Define the going concern basis
7
cards
More about
faps level 3
- Class purpose General learning
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