This class was created by Brainscape user Aravinth Thulashitha (Ccss). Visit their profile to learn more about the creator.

Decks in this class (11)

Chapter 1( not done)
1 trading vs service biz,
2 2 diff of sp vs llp,
3 2 diff of sp vs plc
9  cards
Chapter 2 - acc info system (not done)
1 accounting entity theory,
1 accounting entity theory,
4 monetary theory
10  cards
Chapter 2 - source documents
3 definition of objectivity theory,
Definition of historical cost theory,
What are the seven types of sourc...
17  cards
chapter 3 - elements and accounting equation ( not done)
Define assets,
Define liabilities,
Define income
12  cards
Chapter 4 - double entry (not done)
Three rules of the double entry s...,
Definition of trade discount and ...,
3 purpose of trade discount and c...
10  cards
Chapter 5 - Trial balance ( not done )
Definition of trial balance,
Purpose of trial balance,
3 prepare a trial balance steps o...
8  cards
Chapter 6 & 7 - income and expenses (not done)
Definition of revenue recognition...,
2 definition of matching theory h...,
3 definition of accrual basis of ...
15  cards
Chapter 8 - cash and bank rec
What are the reasons for dishonou...,
Journal entries for dishonoured c...,
2 journal entries for dishonoured...
8  cards
Chapter 9 - inventories
1 what are inventories,
2 explain why business keep inven...,
3 what are costs that are include...
6  cards
Chapter 11 - Non current assets
1 define non current assets,
2 meaning of,
2 meaning of
12  cards
Chapter 13 - Long-term borrowings
1 explain the matching theory beh...,
1 explain the accrual basis of ac...,
2 name the accounting theory behi...
6  cards

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POA

  • Class purpose General learning

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