Year 11 Accounting Flashcards on Accounting Test 1, created by Olivia Gniadek on 18/02/2016.
|
Created by Olivia Gniadek
almost 9 years ago
|
|
Close
|
|
Created by Olivia Gniadek
almost 9 years ago
|
|
Accounting Principles
Conservatism
Historical Cost
Entity
Reporting Period
Monetary Unit
Consistency
Going Concern
Qualitative Characteristic
Reliability
Relevance
Understandability
Comparability
The Accounting Process
Stage 1: Collecting Source Documents
Source Documents
Stage 2: Recording
Recording
Stage 3: Reporting
Reporting
Stage 4: Advice
Advice
Asset
Liabilities
Owner's Equity
Accounting Equation
Transactions
Classified Balance Sheet
