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Certified Sommelier Exam (CMS 2) flashcards

Double entry book-keeping introduction: Accounting Level 2

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

By: Dillon Smith
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Decks in this class (4)

Types of business and Types of accounting
What are the three different type...,
Describe a sole trader,
De
7  cards
Basic principles of accounting
What are the three main basic pri...,
What does the dual effect state,
What does the separate entity state
10  cards
Statement of financial position Definitions
What is a statement of financial ...,
What equation does the statement ...,
What is an asset
14  cards
Statement of profit or loss Definitions
What is a statement of profit or ...,
What is sales revenue,
What is the cost of sales
12  cards

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Double entry book-keeping introduction: Accounting Level 2

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