Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Foundations of Accounting

This class was created by Brainscape user Hellen Le Bacq. Visit their profile to learn more about the creator.

By: Hellen Le Bacq
Start Studying

Decks in this class (11)

Chapter 1 - Introduction to Accounting
What is accounting,
What is financial data give examp...,
What happens to transactions
82  cards
Chapter 2 - Types of Business Entity
What are the main types of busine...,
What are four ways in which we ca...,
Define profit
31  cards
Chapter 3 - Double Entry Bookkeeping
What is a sales order,
What is a purchase order,
What is a goods received note whe...
36  cards
Chapter 4 - Trial Balance
Define a trial balance,
What is a debit balance on an acc...,
What is a credit balance on an ac...
7  cards
Chapter 5: Books of Primary Entry & Subsidiary Ledgers
What are the main books of prime ...,
Define books of primary entry,
What is the sales day book what i...
37  cards
Chapter 6: Accruals and Prepayments
What are accrued expenses accrual...,
What are prepaid expenses prepaym...,
What is the accruals or matching ...
12  cards
Chapter 7 - Receivables and Payables
When is sales revenue recognized,
What is a credit sale,
What are the costs of providing c...
11  cards
Chapter 8: Property, Plant & Equipment
What is capital expenditure,
What is revenue expenditure,
How is capital expenditure accoun...
46  cards
Chapter 9: Inventory
How do you calculate the cost of ...,
Define cost of goods sold,
What is carriage
19  cards
Chapter 10: Closing Entries
What has to happen to ledger acco...,
What is the fist step in the proc...,
What happens in the profit and lo...
7  cards
Chapter 11: Subsidiary Ledgers and Reconciliations
What are some internal control pr...,
What is a control account,
What are the receivables and paya...
3  cards

More about
Foundations of Accounting

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Hellen Le Bacq's Foundations of Accounting flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Foundations of Management Accounting
  • 9 decks
  • 106 flashcards
  • 1 learners
Decks: Cost Classifications And Behaviours, Cost Volume Profit Analysis, Absorption Costing Aa, And more!
Foundations of Nursing
  • 22 decks
  • 1684 flashcards
  • 145 learners
Decks: Lab, Professional Nursing, Asepsis And Infection Control, And more!
accounting
  • 31 decks
  • 1706 flashcards
  • 1436 learners
Decks: Chapter 1, Powerpoint 1, Powerpoint 2, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions