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Raymond Ng
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Decks in this class (20)
Allowance For Impairment Of Trade Receivables
Define allowance for impairment o...,
Give 2 reasons why a business wri...,
Explain with relevant accounting ...
3
cards
Capital and Drawings Accounts
Define capital,
Define drawings,
Explain the accounting of drawing...
3
cards
Capital and revenue expenditure
Define capital expenditure,
Define revenue expenditure,
Explain 2 differences between a c...
5
cards
Control accounts
State the purpose of preparing co...,
State the ledger in which control...,
State 2 sources of information fo...
4
cards
Depreciation of non-current assets
Define depreciation,
Define accumulated depreciation,
State 2 causes of depreciation
7
cards
Financial Statement Analysis (Only for 4E and 5N students) - Formula
Write down the formula for gross ...,
Write down the formula for profit...,
Write down the formula for markup...
10
cards
Financial Statements Analysis (Only for 4E and 5N students) - Theory
Suggest 2 ways to improve increas...,
Suggest 2 ways to improve increas...,
Name 2 effects problems if a busi...
6
cards
Inventory
Define cost of purchases,
Name and explain the method used ...,
Explain with a relevant accountin...
3
cards
Limited Companies (Only for 4E and 5N students)
Define issued share capital,
Define dividends,
Define retained earnings
3
cards
Long term borrowings
Explain 2 differences between a b...,
Prepare the journal entries to re...,
Prepare the journal entry to reco...
3
cards
Net assets and working capital
Define net assets,
Define working capital,
Write down the formula to calcula...
4
cards
Accounting theories/concepts
Explain the accounting entity con...,
Explain the accounting period con...,
Explain the accrual concept
11
cards
Bank reconciliation statement
Explain two purposes of preparing...,
Explain why the cash at bank acco...,
Explain the meaning of the follow...
6
cards
Cash Book
Explain the purpose of the cash book,
State 2 causes reasons for a dish...,
Define what is a trade discount
7
cards
Introduction to accounting
Define book keeping,
Define accounting,
State the 2 roles of accounting
14
cards
Petty Cash Book
Explain the purpose of a petty ca...,
Explain the workings of the impre...,
State the advantages of using the...
3
cards
Source documents and Journals
Explain the purpose of source doc...,
Name and explain the accounting c...,
State the purpose of an invoice
22
cards
The Accounting Equation and the concept of Double-Entry
Define assets,
Distinguish between non current a...,
Define liabilities
10
cards
Trade receivables and trade payables ledger accounts
Name the ledger where the trade r...,
Name the ledger where the trade p...,
Explain the purpose of using subs...
5
cards
Trial Balance
Define what is a trial balance,
Explain 2 purposes of preparing a...,
Explain the limitations of the tr...
4
cards
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poa theory
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