Back to SubjectsCambridge O Level Accounting (7707) NotesCambridge O Level Accounting (7707) NotesStudying mode:NotesFlashcardsDefinitions0/27Studying mode:NotesFlashcardsDefinitions0/27
2Sources and recording of data0/32.1 The double entry system of book-keeping2.2 Business documents2.3 Books of prime entry
3Verification of accounting records0/43.1 The trial balance3.2 Correction of errors3.3 Bank reconciliation3.4 Control accounts
4Accounting procedures0/54.1 Capital and revenue expenditure and receipts4.2 Accounting for depreciation and disposal of non-current assets4.3 Other payables and other receivables4.4 Irrecoverable debts and provision for doubtful debts4.5 Valuation of inventory
5Preparation of financial statements0/65.1 Sole traders5.2 Partnerships5.3 Limited companies5.4 Clubs and societies5.5 Manufacturing accounts5.6 Incomplete records
6Analysis and interpretation0/56.1 Calculation and understanding of accounting ratios6.2 Interpretation of accounting ratios6.3 Inter-firm comparison6.4 Interested parties6.5 Limitations of accounting statements