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ACCU9A5 > Double Entry Revision > Flashcards

Double Entry Revision Flashcards

1
Q

What is the cash book?

A

Contains all cash payments and receipts including bank deposits and withdrawals.

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2
Q

What is the journal book?

A

Adjusting entries and unique transactions.

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3
Q

What is a sales day book?

A

Book of original entry maintained to record credit sales aka debtors.

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4
Q

What is the accounting equation?

A

Capital = Assets - Liabilities

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5
Q

What is the purchase day book?

A

Book of original entry maintained to record credit purchases aka creditors.

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ACCU9A5 (5 decks)

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