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More cards in this set
Card 6
Front
What is an accrual of income?
Back
Card 7
Front
What is a accrual of expense?
Back
Card 8
Front
What is an prepayment of expense?
Back
Card 9
Front
What is depreciation?
Back
Card 10
Front
Give four reasons for depreciation?
Back
Card 11
Front
When depreciating which figure goes on the income statment?
Back
Card 12
Front
When depreciating which figure goes on the balance sheet?
Back
Card 13
Front
What is the formula for calculating straight line depreciation?
Back
Card 14
Front
What is provision for depreciation?
Back
Card 15
Front
What is put on the credit side of the provision for depreciation account?
Back
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