Accounting Notes
Free chapter notes for Cambridge IGCSE Accounting 0452. Read any chapter online, then practise with the member Workbook and revise with Chapter at a Glance.
The purpose of accounting
Covers: The purpose of accounting, The accounting equation
The double entry system of book-keeping
Covers: The double entry system of book-keeping, Business documents, Books of prime entry
The trial balance
Covers: The trial balance, Corrections of errors, Bank reconciliation, Control accounts
Capital and revenue expenditure and receipts
Covers: Capital and revenue expenditure and receipts, Accounting for depreciation and disposal of non-current assets, Other payables and other receivables, Irrecoverable debts and allowance for irrecoverable debts, Valuation of inventory
Sole traders
Covers: Sole traders, Partnerships, Limited companies, Manufacturing accounts, Clubs and societies, Incomplete records
Calculation and understanding of accounting ratios
Covers: Calculation and understanding of accounting ratios, Interpretation of accounting ratios, Inter-business comparison, Interested parties, Limitations of accounting statements
Accounting concepts
Covers: Accounting concepts, Ethical considerations, Technology and sustainability