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Accounting

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

By: Juliandri Grobler
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Decks in this class (16)

Introduction To Accounting - The Nature And Functions of Accounting
Explain the meaning of he term ac...,
Explain six objectives of accounting,
No business can operate in
7  cards
Introduction To Accounting - Ethics, Fraud and Financial Risk Management
Name 12 norms values of a busines...,
Explain the term ethics,
What is the purpose of ethics
12  cards
Introduction To Accounting - Computers And Accounting
Accounting is an,
Computers are used in every spher...,
Computers are used for the follow...
5  cards
Value Added TAX
Differentiate between output tax ...
1  cards
Control Accounts
What does control accounts provide,
Why do we need control accounts,
Name three ways in which control ...
6  cards
Capital & Revenue Expenditure
Define revenue expenditure,
Define capital expenditure,
What will happen if one expenditu...
6  cards
Accounting Concepts & Principles
Explain the cost concept,
Explain the going concern assumed...,
Regarding the assumed continuety ...
17  cards
Adjustments For Final Accounts
Why are adjustments needed,
Differenciate between capital inv...,
Explain the application of the pr...
3  cards
Asset Disposal
Explain the term appreciation
1  cards
Departmental Accounts
0  cards
The Ledger
Name and explain two forms of led...,
Name and explain the two sections...,
Explain the meaning of a balance ...
4  cards
The trail balance
Explain two reasons for preparing...,
A trail balance has a and a section,
What is the meaning of the term t...
3  cards
Goodwill
The true value of goodwll can be ...,
If the old partners agree,
Goodwill is usually owned by
13  cards
Partnerships
0  cards
Limited Liability Companies
Shares can be any per share,
Shares can be issued at,
Name the two types of companies a...
28  cards
Important Terms
Do not rank for dividend,
Net tangible assets,
Intangible assets
12  cards

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Accounting

  • Class purpose General learning

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Accounting
  • 30 decks
  • 864 flashcards
  • 12 learners
Decks: Exam 3, Chapter 2, Chapter 3, And more!
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