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Bookkeeping to Trial Balance

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

By: Lance Vermeulen
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Decks in this class (10)

Introduction to Business, Bookkeeping and Accounting
What is the primary objective of ...,
To when can the origin of account...,
Why did accounting develop
28  cards
The Accounting Equation And The Double-Entry System
What are assets,
What are the two forms an asset c...,
What are liabilities
20  cards
Value Added Tax
When was vat introduced to south ...,
What is a vat registered entity c...,
When is vat registration compulsory
67  cards
Recording Cash Transactions
What is the only real difference ...,
What is a cash slip,
When should a cash receipt be issued
27  cards
Recording Credit And Sundry Transactions
What is a debtor,
What is a creditor,
What credit transactions should b...
6  cards
Inventory Systems
What are inventories,
How should inventory initially be...,
What inventory system allows for ...
7  cards
Bank Reconciliation
What is the bank account used by ...,
What does a cash registers x read...,
What does the daily cash up proce...
11  cards
The Control Accounts - Trade Receivables And Trade Payables
Why must accurate up to date reco...,
What are the debtors ledger and c...,
What structure are accounts in th...
7  cards
Creditors Reconciliation
What is the purpose of creditors ...,
What is a remittance advice,
Where must corrections to the cre...
3  cards
Drafting Financial Statements
When does financial reporting tak...,
What does the statement of profit...,
What does the statement of profit...
14  cards

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Bookkeeping to Trial Balance

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