This class was created by Brainscape user Scott-Elgin Nunn. Visit their profile to learn more about the creator.

Decks in this class (22)

Chapter#1A: Review Of Bookkeeping
What is bookkeeping,
What are invoices,
What is gst
27  cards
Chapter#2A: Forms of Business Ownership
What is a sole proprietorship,
How big are sole proprietorship,
What is a partnership
16  cards
Chapter#2B: Types of Business Organizations
What is a service company,
What account does a service busin...,
What is a merchandising business
9  cards
Chapter#3A: Petty Cash
What is a petty cash account used...,
What is the general rule with pet...,
What is reconciling the petty cas...
6  cards
Chapter#3B: Reconciling the Bank Account
What is bank reconciliation,
What is a bank reconciliation sta...,
What is one reason for doing bank...
9  cards
Chapter#4A: Capital Assets
What are capital assets,
What are some examples of physica...,
What are some examples of non phy...
19  cards
Chapter#4B: Depreciation and Amortization
What is depreciation,
What is amortization,
Whats the purpose of depreciation...
11  cards
Chapter#5A: Financial Statements
What is the purpose of the income...,
What is cost of goods sold,
How are net purchases calculated
5  cards
Chapter#5B: The Statement of Owners Equity
What is the purpose of the statem...,
How does the statement begin
2  cards
Chapter#5C: The Balance Sheet
What is the balance sheet,
What are current assets,
What are capital assets
6  cards
Chapter#6B: Introduction to Simply Accounting 2005
What does integrated mean,
What are the 3 versions of simply...,
What are some things simply accou...
3  cards
Chapter#6C: Setting up a Computerized Accounting System
What is a setup wizard,
What are the two setup methods,
What is express setup method
4  cards
Chapter#6D: The Subsidiary Ledgers
What does subsidiary ledgers do,
What is integration,
What does the accounts receivable...
4  cards
Chapter#6F: Daily Transactions and Monthly Procedures
How are daily transactions entered,
How does simply accounting 2005 h...,
True or false when a company make...
10  cards
Supplement - Routines of Bookkeeping
What are some of the typical dail...,
What are some monthly routines,
What is receiving mail
6  cards
Supplement - The Accounting Cycle
What is the first step in the acc...,
What is the second step in the cycle,
Whats the third step of the cycle
4  cards
Supplement - Important Percentages
What is gross margin
1  cards
Supplement - Accountability for Work Done
What is the concept of accountabi...,
What is internal control,
What does internal control do
3  cards
Supplement - Procedures to Guarantee Accuracy
What is the first step for procedure,
What is the second step for proce...,
What is the third step for procedure
12  cards
Statement - Monthly versus Year-End Procedures
What are some monthly procedures,
What are some year end procedures
2  cards
Statement - Safekeeping Records
What is a way to backup journal a...,
What is a way to back up accounti...,
What is a way to back up all reco...
5  cards
Glossary
Define accounts payable,
Define accounts receivable,
Define accrued expenses
33  cards

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bookkeeping

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