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Accounting Grade 11

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

By: Emma Claydon
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Decks in this class (12)

Internal Control (Chapter 2) [P2]
List the types of control,
What are preventive controls,
What are detective controls
53  cards
Ethics (Chapter 1) [P1+2]
What is the king code,
List three fundamental aspects of...,
Define accountability
12  cards
Partnerships (Chapter 6-8) [P1]
Stock turnover rate stock on hand...,
Cost of sales average trading stock,
Average trading stock formula
103  cards
Bank & Creditors Recons (Chapter 3 & 4) [P2]
What are bank recons,
Why are bank recons important,
What is the accounting procedure ...
27  cards
Fixed Assets (Chapter 5) [P1+2]
Definition of fixed assets,
Fixed asset examples,
Why do businesses need to keep re...
15  cards
Cost Accounting (Chapter 10) [P2]
Types of manufacturing costs,
Definition of material costs,
What are direct material costs
34  cards
Budgeting (Chapter 11) [P2]
Definition of a cash budget,
Definition of a projected income ...,
Importance of the cash budget
13  cards
Financial Indicators For Paper 1
Gross profit on sales,
Net profit on sales
15  cards
Financial Indicators For Paper 2
Gross profit on cost of sales,
Net profit on sales,
Average trading stock
9  cards
Inventory Systems (Chapter 12) [P1+2]
What is the perpetual stock system,
What happens in the perpetual sto...,
What is the periodic stock system
15  cards
VAT (Chapter 13) [P2]
Compulsory registration as a vat ...,
Voluntary registration as a vat v...,
Vat rate
44  cards
GAAP principles [P1]
What does gaap stand for,
Matching concept,
Going concern cost concept
8  cards

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Accounting Grade 11

  • Class purpose General learning

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