Foundations of Accounting Flashcards

Decks in this Class (11):

• Chapter 1 Introduction To Accounting

  Chapter 1 - Introduction to Accounting

  Sample Cards:

  what is accounting,

  what is financial data give examples 3,

  what happens to transactions
  82 Cards
  Preview Flashcards
• Chapter 2 Types Of Business Entity

  Chapter 2 - Types of Business Entity

  Sample Cards:

  what are the main types of business enti,

  what are four ways in which we can look,

  define profit
  31 Cards
  Preview Flashcards
• Chapter 3 Double Entry Bookkeeping

  Chapter 3 - Double Entry Bookkeeping

  Sample Cards:

  what is a sales order,

  what is a purchase order,

  what is a goods received note where are
  36 Cards
  Preview Flashcards
• Chapter 4 Trial Balance

  Chapter 4 - Trial Balance

  Sample Cards:

  define a trial balance,

  what is a debit balance on an account,

  what is a credit balance on an account
  7 Cards
  Preview Flashcards
• Chapter 5 Books Of Primary Entry Subsidi

  Chapter 5: Books of Primary Entry & Subsidiary Ledgers

  Sample Cards:

  what are the main books of prime entry 7,

  define books of primary entry,

  what is the sales day book what is it us
  37 Cards
  Preview Flashcards
• Chapter 6 Accruals And Prepayments

  Chapter 6: Accruals and Prepayments

  Sample Cards:

  what are accrued expenses accruals and h,

  what are prepaid expenses prepayments an,

  what is the accruals or matching concept
  12 Cards
  Preview Flashcards
• Chapter 7 Receivables And Payables

  Chapter 7 - Receivables and Payables

  Sample Cards:

  when is sales revenue recognized,

  what is a credit sale,

  what are the costs of providing credit f
  11 Cards
  Preview Flashcards
• Chapter 8 Property Plant Equipment

  Chapter 8: Property, Plant & Equipment

  Sample Cards:

  what is capital expenditure,

  what is revenue expenditure,

  how is capital expenditure accounted for
  46 Cards
  Preview Flashcards
• Chapter 9 Inventory

  Chapter 9: Inventory

  Sample Cards:

  how do you calculate the cost of goods s,

  define cost of goods sold,

  what is carriage
  19 Cards
  Preview Flashcards
• Chapter 10 Closing Entries

  Chapter 10: Closing Entries

  Sample Cards:

  what has to happen to ledger accounts be,

  what is the fist step in the process of,

  what happens in the profit and loss acco
  7 Cards
  Preview Flashcards
• Chapter 11 Subsidiary Ledgers And Reconc

  Chapter 11: Subsidiary Ledgers and Reconciliations

  Sample Cards:

  what are some internal control procedure,

  what is a control account,

  what are the receivables and payable con
  3 Cards
  Preview Flashcards