Development Of The Accounting Model
Akopọ
A shopkeeper pays a year's insurance in November. Should the whole payment be an expense of this year, when only two months of cover have been used? A delivery van bought for $40 000 four years ago is still on the road. Is it still worth $40 000? Goods costing $5 000 are now damaged and could only be sold for $3 000 after repairs of $500. What figure goes in the accounts? None of these questions has an answer you can find by looking at a receipt.
They are decided by a set of agreed rules, and this topic is those rules and the entries they produce. You will meet the ten accounting concepts the specification names, learn to separate capital expenditure from revenue expenditure, adjust ledger accounts for amounts owing and prepaid at each end of the year, provide for debts that will never be collected, and account for the wearing out and eventual sale of the assets a business uses to trade.
Awọn Afojusun
- General accounting concepts used in the preparation of accounting records.
- The use of accounting concepts in a variety of situations.
- The recording of adjustments in ledger accounts.
- Accounting for capital and revenue expenditure and income.
- Accounting for depreciation and disposal of non-current assets.
- Make entries for simple adjustments for other payables and other receivables in ledger accounts and in income statements and statements of financial position. Make entries for irrecoverable debts in the trade receivables ledger and financial statements.
Àwòrán ọpọlọ
A ti ṣe àwòrán kókó yìí kí o lè rí bí àwọn èrò ṣe so pọ̀.
Ṣí àwòrán ọpọlọ nínú áàpù
Akọ̀wé Ẹ̀kọ́
Àkọsílẹ̀ Ẹ̀kọ́ Pípé wà lórí Ohun Èlò Green Bridge
Gba ohun èlò Green Bridge CBT sórí fóònù tàbí kọ̀mpútà rẹ fún gbogbo ilé ìkàwé IGCSE: ìwé ìdánwò àtijọ́, ìlànà ìdíwọ̀n, àwòrán èrò, káàdì ìkẹ́kọ̀ọ́ àti ẹ̀kọ́ ohùn.
Ìdánwò Ẹ̀kọ́
Oriire fun ipari ẹkọ lori Development Of The Accounting Model. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.
Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.
Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.
- Which accounting concept requires goods taken by the owner for personal use to be recorded as drawings? A. Business entity B. Going concern C. Materiality D. Realisation Answer: A
- A machine costing $50 000 is depreciated at 20% per annum using the reducing balance method. What is the depreciation charge in the second year? A. $8 000 B. $10 000 C. $18 000 D. $20 000 Answer: A
- Which item is capital expenditure? A. Annual insurance of a delivery vehicle B. Legal fees on the purchase of premises C. Repainting the office D. Wages of the delivery driver Answer: B
- A business owed $400 for wages at the start of the year and $650 at the end of the year. It paid $31 000 in wages during the year. What is the charge to the income statement? A. $29 950 B. $30 750 C. $31 250 D. $32 050 Answer: C
- Which concept requires inventory to be valued at the lower of cost and net realisable value? A. Consistency B. Duality C. Materiality D. Prudence Answer: D
Ṣiṣẹ́ lórí àwọn ìbéèrè wọ̀nyí nínú ohun èlò náà
Ṣiṣẹ́ lórí àwọn ìbéèrè wọ̀nyí nínú ohun èlò náà
Awọn Iwe Itọsọna Ti a Gba Nimọran
Ṣe Adaṣe Awọn Ibeere Idanwo Adaṣe
Ṣe o fẹ ṣe adaṣe awọn ibeere idanwo adaṣe nipa Development Of The Accounting Model? Ṣe igbasilẹ ohun elo Green Bridge CBT lati wọle si awọn ibeere idanwo adaṣe ati awọn ayẹwo adaṣe kikun fun koko-ọrọ yii.
Ṣe igbasilẹ ohun elo naa lori Google Playstore
Gbogbo ohun ti o nilo lati ṣe dara julọ ninu JAMB, WAEC ati NECO.
