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Rex Savva
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Decks in this class (19)
Topic 1: Introduction, double entry and trial balance
What is accounting 1,
What questions does accounting an...,
Who are stakeholders 3
14
cards
Topic 2: Financial statements
Why is preparing an income statem...,
What are non current assets 2,
What are current assets 3
5
cards
Topic 3: Capital and Revenue expenditure
What is capital expenditure 1,
What does capital expenditure inc...,
Give examples of capital expendit...
16
cards
Topic 4: Business organisations
What are the characteristics of a...,
What are some examples of public ...,
What are private sector organisat...
25
cards
Topic 5: Day Books/ Journals
What source document do we use wh...,
What source document do we use wh...,
What source document do we use wh...
21
cards
Topic 6: Control Accounts
What is a control account 1,
When does a minority balance occu...,
When does a minority balance occu...
7
cards
Topic 7: Bank Reconciliation Statements
What is the purpose of a bank rec...,
What are the limitations of the b...
2
cards
Topic 8: Errors
What is error of omission 1,
What is error of commission 2,
What is error of principle 3
7
cards
Topic 9: Accounting Concepts
What are the advantages and disad...,
What does the accounting concept ...,
What does the accounting concept ...
8
cards
Topic 10: Depreciation
What is depreciation 1,
What are the 4 causes of deprecia...,
What are the 2 types of depreciat...
13
cards
Topic 11: Irrecoverable Debts
What is an irrecoverable debt 1,
What is the effect of irrecoverab...,
Why do we account for irrecoverab...
5
cards
Topic 12: Other Recievables and Payables
What is the purpose of making adj...,
What are other recievables 2,
What are other payables 3
3
cards
Topic 13: Financial statements (with adjustments)
What are the main adjustments of ...,
Compare liabilities and provisions 2
2
cards
Topic 14: Incomplete records (Single Entry)
Evaluate keeping double entry rec...,
What can you figure out when you ...,
What can you figure out when you ...
7
cards
Topic 15: Manufacturing
Why do firms prepare manufacturin...,
State the 3 types of inventories 2,
What does inventory of raw materi...
9
cards
Topic 16: Partnerships
What are some reasons why a partn...,
Why would business people want to...,
What are the dissadvantages of pa...
4
cards
Topic 17: Ratio Analysis
Evaluate the usefulness of ratio ...,
What is liquidity 2,
What is profitability 3
15
cards
Topic 18: Use of Technology in Accounting
What are the advantages of accoun...,
What are the disadvantages of acc...,
What are the issues regarding the...
6
cards
Topic 19: Professional ethics
What are professional ethics 1,
Describe the 5 principles of prof...,
What are public interests 3
4
cards
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Accounting GCSE
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