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

Decks in this class (18)

Chapter 3 Exercise Review
Why a receipt from a debtor shoul...,
Referring to an accounting princi...,
What is the purpose of the trial ...
7  cards
Chapter 4 Exercise Review
Explain why cash sale or credit s...,
Referring to one qualitative char...,
Explain the effect on the net pro...
14  cards
Chapter 6 Exercise Review
Explain one benefit of recording ...,
Explain how the headings of the c...,
Explain why the cash payments rec...
18  cards
Chapter 7 Exercise Review
Explain why commencing entries mu...,
Explain the role of the narration...,
Explain why the asset contributed...
5  cards
Chapter 5 Exercise Review
Explain why the gst on credit pur...,
The role of the purchases journal,
Explain one difference in the way...
8  cards
Chapter 8 Exercise Review
Why isn t the total in the stock ...,
Explain the impact of gst on the ...,
Referring to your answer to part ...
27  cards
Chapter 9 Exercise Review
Explain how closing the ledger ac...,
Explain why drawings is not close...,
Explain why the firm must still p...
16  cards
Chapter 10 Exercise Reviews
Referring to an accounting princi...,
Explain why rent paid and rent ex...,
Referring to one qualitative char...
8  cards
Chapter 11 Exercise Reviews
Define depreciation,
Explain why gst paid on the purch...,
Referring to one accounting princ...
23  cards
Chapter 12 Exercise Reviews
State one reason why the owner sh...,
Only statement of receipts and pa...,
Operating activities
32  cards
Chapter 13 Exercise Review
Explain why a purchase return has...,
Explain one benefit of offering s...,
State reasons why stock may be re...
13  cards
Chapter 14 Exercise Review
Explain why the gst on the purcha...,
Explain your treatment of cartage in,
Referring to one accounting princ...
31  cards
Chapter 15 Exercise Review
Explain why invoice 64 could not ...,
Explain your treatment of install...,
Define the term cost as it applie...
26  cards
Chapter 16 Exercise Review
Referring to one accounting princ...,
Explain how the deposit received ...,
Referring to the cash receipts jo...
17  cards
Chapter 17 Exercise Review
Suggest two actions the owner may...,
Suggest two actions the owner mig...,
Explain one benefit of preparing ...
26  cards
Chapter 18 Exercise Review
Define profitability,
Define return on owners investment,
Roi formula
38  cards
Chapter 19 Exercise Review
Define liquidity,
Indicators that can be used to th...,
Three indicators that are used to...
44  cards
Exam Revision
State 2 reasons to explain how pr...,
Explain why return on assets is u...,
Explain how return on assets can ...
53  cards

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Accounting 3/4

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