Unit 5 Flashcards
1
Q
Expenditure
A
hu
2
Q
Income
A
hiug
3
Q
Fixed Costs
A
hku
4
Q
Variable costs
A
bhj
5
Q
Accounting
A
bk
6
Q
Composite statements of accounts in a small business or personal environment
A
vyjfj
7
Q
Accounting cycle
A
fvjy
8
Q
Accounting period
A
jkj
9
Q
Accounts payable
A
yhfj
10
Q
Accounts receivable
A
gyu
11
Q
Accrued liabilities
A
jbj
12
Q
Acquisitions
A
vmh
13
Q
Additional paid-in capital
A
ftyh
14
Q
Allowance method
A
ch
15
Q
Amortization
A
cj
16
Q
Annuity due
A
fyhvj
17
Q
Authorized shares
A
vhj
18
Q
Bonds
A
fyh
19
Q
Book value per share
A
vh
20
Q
Capital expenditure
A
gj
21
Q
Capital gain
A
jg
22
Q
Capital lease
A
hyvh
23
Q
Capital loss
A
gjhy
24
Q
Cash
A
fth
25
Cash equivalents
khnk
26
Cash flow from operations to capital expenditures ratio
gj
27
Common stock
gi
28
Compound interest
guuj
29
Comprehensive income
gu
30
Contingent liability
ghik
31
Contributed capital
hjk
32
Convertible bond
hj
33
Copyright
guu
34
Corporation
gjh
35
Current assets
bj
36
Current liabilities
hi
37
Current ratio
ikhik
38
Debt-to-assets ratio
vj
39
Deferred taxes
th
40
Defined benefit plan
hujh
41
Defined contribution plan
jb
42
Depletion
nj
43
Depreciation
b
44
Goodwill
hj
45
Gross profit method
nj
46
Inventory
nm
47
Notes payable
hj
48
Ordinary annuity
hjk
49
Outstanding shares
hbj
50
Par value
vj
51
Partnership
bhj
52
Patents
hj
53
Pension obligations
nk
54
Periodic inventory system
huj
55
Perpetual inventory system
gj
56
Preferred stock
bhj
57
Price-earnings ratio (P/E ratio)
gu
58
Purchase discount
guu
59
Quick ratio
vjh
60
Raw materials
hu
61
Retail inventory method
gjy
62
Return on assets ratio
bj
63
Return on common stockholders’ equity ratio
jy
64
Revenue expenditure
hgug
65
Simple interest
yt
66
Sole proprietorship
huj
67
Solvency
jh
68
Source documents
huj
69
Specific identification method
tfh
70
Stock
fguy
71
Stock split
guj
72
Treasury stock
gj
73
Units-of-production method
jhv
74
Weighted average cost inventory method
gj
75
Work in process
ghj
76
Revenue
bhj
77
Expenses
gj
78
Operating Expenses
jmj
79
Fixed Costs
hj
80
Variable Costs
gyj
81
Cash versus Accrual Accounting Methods
hku
82
Depreciation
bhj
83
Interest Expenses
hkj
84
Income Tax and other Statutory Taxes
bjh
85
Concept of Cost
huk
86
Cost Objective
bhj
87
Definition of cost
hui
88
Full Cost
vhj
89
Direct costs
hvj
90
Indirect costs
bhj
91
Measurement of Direct Costs
hyu
92
Direct Labour Cost
hj
93
Direct Material Cost
huk
94
Distinction between Direct and Indirect Costs
njk
95
Nature of Allocation
bk
96
Cost Accounting Systems
nk
97
The Sales Process and Finance
nkl
98
Delivery Documentation
gty
99
A Delivery Advice
hyj
100
A Delivery Note (Proof of Delivery)
bhj
101
Invoicing
hui
102
The Importance of Accounting
gyju
103
The Accounting Cycle
gy
104
Double-entry Bookkeeping
hgy
105
The Elements of an Accounting System
kj
106
Documentation of Data
gyu
107
Recording (Journalising) of Data
bk
108
Different Types of Journals
hyj
109
Processing of Journalised Entries
hujk
110
Asset Accounts
bhuk
111
Liability Accounts
yu
112
Analysing Transactions
b
113
Posting Transactions to the General Ledger
h
114
Statements of Account
h
115
Errors and Reconciliations
hjv
116
Common Errors
gyu
117
Profit
gu
118
Accounting Period
bhj
119
Direct Costs - Cost of Sales (COS)
hui
120
Indirect Costs
hy
121
Mark-up
gyj
