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Accounting

This class was created by Brainscape user Venu Ranasinghe. Visit their profile to learn more about the creator.

By: Venu Ranasinghe
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Decks in this class (15)

Chapter 01.1 - The accounting Cycle
What s the accounting cycle,
What are the key elements in an a...,
What are source documents
25  cards
Chapter 01.2 - Prime entry books
What are books of prime entry,
What are the other terms used to ...,
What are the 07 books of prime entry
15  cards
Chapter 01.3 - Preparing the books of account
Why are balancing accounts important,
What are the 03 fundamental conce...,
What does a trial balance do
7  cards
Chapter 01.4 - Capital & Revenue expenditure
What is capital expenditure,
What is revenue expenditure,
Where does capital expenditure ap...
6  cards
Chapter 01.5 - Accounting concepts
0  cards
Chapter 06 Verification of the Trial Balance
What is the purpose of the trial ...,
What s a transposition error,
What s a posting error
13  cards
Chapter 11 Accounting for non-current assets (depreciation )
What is depreciation,
What are a few causes of deprecia...,
What is the accounting treatment ...
9  cards
Chapter 14 - Control Accounts
What are control accounts,
What are the credits and the debi...,
What are the credits and debits o...
7  cards
Chapter 16 Accounting from Incomplete records
What is the net assets equation,
How to calculate profit using net...,
How to calculate profit after all...
3  cards
Chapter 28 Costing for materials, labour and overheads
What is management accounting,
What is cost accounting,
What are direct costs
40  cards
Chapter 30 Marginal costing
What is marginal cost,
What is contribution,
How to calculate the contribution...
15  cards
Chapter 15 Suspense accounts
What are suspense accounts,
What are the checks to be carried...,
What are the types of errors whic...
5  cards
Chapter 16 - Incomplete records
What are incomplete records,
How to calculate profits when the...,
What is the net assets equation
16  cards
Chapter 17 Partnerships
What is a partnership,
What are the rules of the partner...,
What does the appropriation accou...
19  cards
Chapter 19 Limited companies
0  cards

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Accounting

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  • 31 decks
  • 1706 flashcards
  • 1380 learners
Decks: Chapter 1, Powerpoint 1, Powerpoint 2, And more!
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