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Accounts in theory

This class was created by Brainscape user Humaira Abul Faiz. Visit their profile to learn more about the creator.

By: Humaira Abul Faiz
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Decks in this class (19)

ch-1
To learn all the definitions
24  cards
ch-2
Define business transactions 1,
Differentiate between cash transa...,
Define account 3
48  cards
ch-3
What is gaap generally accepted a...,
What are the fundamental accounti...,
What are accounting standards 3
14  cards
ch-4
Distinguish between cash basis of...,
What are the advantages of cash b...,
What are the disadvantages of cas...
5  cards
ch-5
What is accounting equation 1
1  cards
ch-6
What is balance of an account 1,
What are personal accounts what i...,
Distinguish between natural perso...
5  cards
ch-7
What are source documents source ...,
Define accounting voucher 2,
Define cash voucher 3
8  cards
ch-8
Define journal 1,
Define book of original entry 2,
Define principal book 3
9  cards
ch-9
Define special purpose books subs...,
Define cash book 2,
What are the different types of c...
5  cards
ch-10
State the need and importance of ...,
Define brs 2,
Define bank pass book bank statem...
9  cards
ch-11
State the characteristics of tria...,
State the objectives functions of...,
State the limitations of trial ba...
3  cards
ch-12
Define amortisation 1,
Define obsolescence 2,
Define original historical cost 3
7  cards
ch-13
Define provision 1,
Define reserve 2,
Define revenue reserve 3
15  cards
ch-14
Define bill of exchange 1,
Define drawer 2,
Define drawee 3
21  cards
ch-15
What are the objectives of rectif...,
Define 1 sided errors 2,
Define 2 sided errors 3
14  cards
ch-16
Define financial statements 1,
Define trading account 2,
Define balancesheet 3
8  cards
ch-17
Define adjusting entry 1,
Define accrued income 2,
Define doubtful debts 3
5  cards
ch-18
Define statement of affairs 1,
State the features of single entr...,
What are the disadvantages of sin...
3  cards
ch-19
What are the basic components of ...,
What are the major elements of a ...,
What are the capabilities of a co...
25  cards

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Accounts in theory

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