Welcome to StudyStack, where users create FlashCards and share them with others. Click on the large flashcard to flip it over. Then click the green, red, or yellow box to move the current card to that box. Below the flashcards are blue buttons for other activities that you can try to study the same information.
Test Android StudyStack App
Please help StudyStack get a grant! Vote here.
or...
Reset Password Free Sign Up

Free flashcards for serious fun studying. Create your own or use sets shared by other students and teachers.


incorrect cards (0)
correct cards (0)
remaining cards (0)
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the Correct box, the DOWN ARROW key to move the card to the Incorrect box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

Correct box contains:
Time elapsed:
Retries:
restart all cards


Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Stack #56160

Incomplete records

QuestionAnswer
To find a missing sales figure you would.... Create a debtors account and fill in opening and closing balance and payments made to bank.
To find a missing purchases figure you would..... Create a creditors account and fill in opening and closing creditor balances and payments made from the bank
An opening accrual is on the ........ side of the T account Credit
An opening prepayment is on the ........ side of the T account Debit
In an expense account the profit and loss entry is generally on the .......side of the T account Credit
Prepayments on the balance sheet go under.... Current assets
Accruals on the balance sheet go under....... Current liabilities
When transferring money from cash to bank the entries are.... DR Bank CR Cash
Opening capital is calculated by Adding opening assets and deducting opening liabilities
An easy way to calculate profit is by calculating closing capital less..... Opening capital plus drawings less capital introduced
Closing prepayment is on the .......side of the T account Credit
Closing accrual is on the ........ side of the T account Debit
When you pay an expense the double entry is: DR Expense CR Bank
Mark up % added to the cost of goods sold (or purchases) to calculate the selling price
Margin % of profit made calculated by reference to the selling price
Cost of goods sold Opening stock plus purchases less closing stock
Created by: amandacavanagh on 2006-11-16



bad sites Copyright ©2001-2014  StudyStack LLC   All rights reserved.