Accounts Form 4 : Notes
O Level Notes : Accounts - Interpretation of financial...
This topic is basically about learning the definitions and the formulas of the respective...
O Level Notes : Accounts - Goodwill of sole traders
Goodwill is the money a buyer pays more than your net assets when he buys your successfully...
O Level Notes : Accounts - Partnerships
A partnership is basically a long term commitment to work together in business....
O Level Notes : Accounts - Manufacturing account
Manufacturing account is an account in which the production cost of an item is recorded.
O Level Notes : Accounts - Single Entry System
It is difficult to define single entry system because none exists as such. Single...
O Level Notes : Accounts - Introduction to accounting ratios
Ratio is a comparison between two different items, First is MARK UP and Second is...
O Level Notes : Accounts - Errors not affecting trial balance
There are errors which do effect the agreement of trial balance. First, Trial balance...
O Level Notes : Accounts - Control Accounts
Control account is an account which checks the arithmetical accuracy of a ledger....
O Level Notes : Accounts - Valuation of stock
Stock taking is checking whether the stock shown on paper rally exists or not and...
O Level Notes : Accounts - Bank reconciliation statement
Bank reconciliation statement is a method of clearing out ambiguities. Keep in mind...
O Level Notes : Accounts - Accruals and Prepayments
Uptill now, you have studied that we deduct all the expenses from the gross profit...
O Level Notes : Accounts - Depreciation
Fixed assets such as buildings, machinery ,etc do not last forever. When the amount...
O Level Notes : Accounts - Provision for Bad debts, doubtful...
Mostly, large scale businesses make sales on credit; that is they do not receive...
O Level Notes : Accounts - Capital Expenditure and Revenue...
Capital expenditure includes the cost of acquiring a fixed asset, bringing it into...
O Level Notes : Accounts - Balance Sheet
It is a statement drawn up at the end of each period stating there in all the assets...