This class was created by Brainscape user Aiza Aslam. Visit their profile to learn more about the creator.
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Aiza Aslam
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Decks in this class (15)
Introduction to Accounting
What are the three main types of ...,
What is a sole trader,
What s a partnership
41
cards
The Accounting Equation
What is the accounting equation,
Define capital,
Define profits
15
cards
Double Entry Bookkeeping & Preparation of Financial Statements
What does dead clic stand for,
What are the steps to balancing o...,
Record all purchases of inventory as
15
cards
Preparing Financial Statements- Other considerations
Double entry for sales returns go...,
Double entry for purchase returns...,
When purchasing goods on credit t...
12
cards
Inventory
What is double entry for closing ...,
How do you valuate inventory,
What is cost
15
cards
Non-current assets, depreciation and impairment
What does the cost of a non curre...,
What is the double entry for capi...,
What is the double entry for reve...
25
cards
UK GAAP
What should listed companies prep...,
Other companies should use ______...,
Uk gaap compromises of
3
cards
Irrecoverable debts and allowances
What is the double entry for writ...,
It is prudent to remove irrecover...,
What is the double entry for an i...
10
cards
Errors and Suspense Accounts
What are the two categories error...,
What is error of omission,
What is error of commission
11
cards
The Conceptual framework, accounting concepts and conventions
What is the ifrs foundation purpose,
What is the ifrs foundation made ...,
What are the two types of qualita...
16
cards
cost of sales, accruals and prepayments
What is the double entry for an a...,
What is the double entry for a pr...,
Where is accruals in the financia...
10
cards
accounting systems and VAT
What is the sales cycle,
What is the purchases cycle,
What are the three steps for proc...
11
cards
reconcilliations
What is a contra entry,
What is the double entry for cont...,
What is the double entry for a di...
12
cards
Company Financial Statements
What is a private company,
What is a public company,
What does ias 1 presentation of f...
32
cards
cashflow
What is net cashflow,
What is profit,
What is the equation for proceeds
3
cards
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Accounting
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