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Accounting Grade 11

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

By: Emma Claydon
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Decks in this class (12)

Internal Control (Chapter 2) [P2]
List the types of control 1,
What are preventive controls 2,
What are detective controls 3
53  cards
Ethics (Chapter 1) [P1+2]
What is the king code 1,
List three fundamental aspects of...,
Define accountability 3
12  cards
Partnerships (Chapter 6-8) [P1]
Stock turnover rate stock on hand...,
Cost of sales average trading sto...,
Average trading stock formula 3
103  cards
Bank & Creditors Recons (Chapter 3 & 4) [P2]
What are bank recons 1,
Why are bank recons important 2,
What is the accounting procedure ...
27  cards
Fixed Assets (Chapter 5) [P1+2]
Definition of fixed assets 1,
Fixed asset examples 2,
Why do businesses need to keep re...
15  cards
Cost Accounting (Chapter 10) [P2]
Types of manufacturing costs 1,
Definition of material costs 2,
What are direct material costs 3
34  cards
Budgeting (Chapter 11) [P2]
Definition of a cash budget 1,
Definition of a projected income ...,
Importance of the cash budget 3
13  cards
Financial Indicators For Paper 1
Gross profit on sales 1,
Gross profit on cost of sales 2,
Net profit on sales 3
15  cards
Financial Indicators For Paper 2
Gross profit on cost of sales 1,
Net profit on sales 2,
Average trading stock 3
9  cards
Inventory Systems (Chapter 12) [P1+2]
What is the perpetual stock system 1,
What happens in the perpetual sto...,
What is the periodic stock system 3
15  cards
VAT (Chapter 13) [P2]
Compulsory registration as a vat ...,
Voluntary registration as a vat v...,
Vat rate 3
44  cards
GAAP principles [P1]
What does gaap stand for 1,
Matching concept 2,
Going concern cost concept 3
8  cards

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Accounting Grade 11

  • Class purpose General learning

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