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BBP Level 3 - Exam One

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

By: Niki Rowe
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Decks in this class (14)

Chapter One
The purpose of financial statemen...,
What are the primary users of fin...,
The primary users need informatio...
42  cards
Chapter Two
Where does the information contai...,
What is the statement of financia...,
What does the statement of financ...
16  cards
Chapter 3
What is capital expenditure 1,
What is revenue expenditure 2,
What is capitalised 3
13  cards
Chalter 4
How do non current assets get pre...,
What is known as depreciation 2,
What is the definition for deprec...
23  cards
Chapter 5
What may the business receive on ...,
What are the three main considera...,
Define gain or loss on disposal 3
19  cards
Chapter 6
Define accrual 1,
What is an example of the accural...,
Why does the business need to rev...
20  cards
Chapter 7
Define inventories 1,
Inventory are items which are 2,
What to ways do inventory affect ...
25  cards
Chapter 8
How do you record an irrecoverabl...,
Define recoverable debt expense a...,
How is the recovery of a recovera...
13  cards
Chapter 9
Define outstanding lodgement 1,
Define unpresented checks 2,
Define counter credit 3
5  cards
Chapter 10
What do control accounts contain 1,
Define pays ledger control accoun...,
How is a prompt payment discount ...
7  cards
Chapter 11
Errors which allow the trial bala...,
Errors which do not allow the tri...,
Define error of omission 3
14  cards
Chapter 12
Define extended trail balance 1,
What does an initial trail balanc...,
What happens to the trial balance...
27  cards
Chapter 13
If a business does not keep track...,
What is the equation to calculate...,
What can impact the closing trade...
12  cards
Chapter 14
0  cards

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BBP Level 3 - Exam One

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