LIFEPAC Accounting Unit 6
🇬🇧
In Inglés
In Inglés
Practique preguntas conocidas
Manténgase al día con sus preguntas pendientes
Completa 5 preguntas para habilitar la práctica
Exámenes
Examen: pon a prueba tus habilidades
Pon a prueba tus habilidades en el modo de examen
Aprenda nuevas preguntas
Popular en este curso
Aprende con fichas
Modos dinámicos
InteligenteMezcla inteligente de todos los modos
PersonalizadoUtilice la configuración para ponderar los modos dinámicos
Modo manual [beta]
El propietario del curso no ha habilitado el modo manual
Otros modos disponibles
Completa la oración
Escuchar y deletrearOrtografía: escribe lo que escuchas
elección múltipleModo de elección múltiple
Expresión oralResponde con voz
Expresión oral y comprensión auditivaPractica la pronunciación
EscrituraModo de solo escritura
LIFEPAC Accounting Unit 6 - Marcador
También te puede interesar
LIFEPAC Accounting Unit 6 - Detalles
Niveles:
Preguntas:
16 preguntas
🇬🇧 | 🇬🇧 |
Balance Sheet | A financial statement that reports assets, liabilities and owners equity on a specific date. |
Fiscal period | The length of the accounting cycle for which a business summarises and reports financial information. |
Income Statement | A financial statement that reports the revenue and expenses for a fiscal period. |
Net | The amount remaining after all deductions have been made. |
Account format | A balance sheet format that lists the assets on the left and the liabilities and equity on the right, similar to the accounting equation. |
Steps 1-3 of completing the Income Statement | The three line heading |
Purpose 4/4 of the Income Statement | The net income or net loss for the fiscal period |
Purpose 3/4 of the Income Statement | All expenses that are matched against the revenue for the fiscal period |
Purpose 2/4 of the Income statement | A summary of all sources of revenue for the fiscal period |
Purpose 1/4 of the Income statement | The fiscal period covered by the statement |
Two statements that show financial position | (1) The statement of owner’s equity, and (2) the Balance Sheet. |
The purpose of the owner’s equity statement | To report changes in Capital for that fiscal period |
The 2 sources necessary to complete the statement of owner’s equity | (1) The statement of owner’s equity, and (2) the Balance Sheet. |
The statement of owner’s equity... | Is prepared before the balance sheet |
Net loss | The difference between total revenue and total expenses when total expenses are greater than total revenue. |
Report Format | The most common balance sheet format, with the asset section listed first, followed by the liability and equity sections. This is a two-column report similar to the income statement. |
Statement of Owner’s Equity | The financial statement that reports the changes in capital that have occurred between the beginning and ending of a given fiscal period. |
Worksheet | A columnar accounting form used to summarise the general ledger information needed to prepare financial statements. |