Laura Bellini
Classification: Paper 2
Page count: 24
Viewed: 223
Last update: 5 months ago
Crash report
Accounting 7707/23 Oct Nov 2024
1. Bank Reconciliation & Cash Book Adjustments | Updating bank column, reconciling bank statement balances, identifying missing transactions, and explaining overdraft treatment.
2. Partnership Accounts & Profit Appropriation | Preparing profit and loss appropriation account, interest on capital and drawings, partner salaries, and capital/current accounts.
3. Correction of Errors & Suspense Accounts | Identifying and correcting errors via journal entries, preparing suspense account, classifying error types, and impact on profit.
4. Depreciation & Disposal of Non-Current Assets | Straight-line depreciation calculations, ledger accounts for vehicles and depreciation, disposal of assets, and evaluating alternative depreciation methods.
5. Manufacturing & Trading Accounts | Preparing manufacturing account with cost allocations, trading section of income statement, and applying standard markup on sales.
6. Credit Control & Trade Receivables Management | Evaluating trade receivables turnover, impact of irrecoverable debts, cost-benefit analysis of hiring a credit control consultant.
2. Partnership Accounts & Profit Appropriation | Preparing profit and loss appropriation account, interest on capital and drawings, partner salaries, and capital/current accounts.
3. Correction of Errors & Suspense Accounts | Identifying and correcting errors via journal entries, preparing suspense account, classifying error types, and impact on profit.
4. Depreciation & Disposal of Non-Current Assets | Straight-line depreciation calculations, ledger accounts for vehicles and depreciation, disposal of assets, and evaluating alternative depreciation methods.
5. Manufacturing & Trading Accounts | Preparing manufacturing account with cost allocations, trading section of income statement, and applying standard markup on sales.
6. Credit Control & Trade Receivables Management | Evaluating trade receivables turnover, impact of irrecoverable debts, cost-benefit analysis of hiring a credit control consultant.