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personal ledger,cash book,general or nominal ledger,private ledger,definition of discount allowed,definition of discount received,posting entries from general journal to the ledger,components or elements of general journal,credit note definition,procedure of posting entries from return outwards journal to the ledger,returns outwards account,credit note in return inwards journal,explanation,procedure of posting entries from return inwards journal to the ledger,procedure of posting entries from purchases journal to purchase ledger,preparation of purchase account,procedure of posting entries from sales journal to ledger,trade discount,sales on credit card,sales account,sales ledger,introduction to books of original entry or books of prime entry or day books,difference or distinction between capital and revenue receipts,difference between expenditure and expense,difference between capital and revenue expenditure,definition of capital items,definition of revenue items,types of capital and revenue items,examples,monetary unit assumption,substance over form concept (convention,principle) of accounting with examples,application of matching concept,principle and convention of accounting,materiality concept (convention) of accounting,consistency concept of accounting,historical cost concept (convention),cost principle of accounting,going concern concept or convention of accounting,solved example,definition of exit value,,solved examples of prudence convention,formula for calculating net realizable value of inventory,solved example of business entity concept in accounting,advantages and disadvantages of accounting concepts and conventions,list of accounting concepts and principles,definition of trade in allowance or part exchange of an asset,definition of accumulated depreciation,calculation of net book value,calculation of annual depreciation under reducing balance and straight line methods,formula for calculating net book value of a non-current asset,amortization and depletion,depreciation relationship with market value,explanation of depreciation,explanation of provision for doubtful debts,accounting treatment for provisions,general and specific provisions,balance sheet extract,use of brs,purpose of brs,procedure of bank reconciliation statement (brs),reason for difference/disagreement between bank statement balance and cash book balance,items in bank statement,items in cash book,example,basis for calculating overhead absorption rate
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