FECT中级考试的笔记
CHAPTER 2
Purchases in accounting means the purchase of those goods which the firm buys,and the main objective is to sell them.
Sales in accounting means the sale of those goods which the firm normally deals with and which were acquired with resale being the main objective.
Creditor and debtor
A person to whom money is owed for goods is known as creditor, while a person who owes the firm money is known as a debtor.
Balancing off accounts
It is the process of calculating how much the balance of an account should be carried forward to the nest period. If the debit total is greater, the difference should be entered into the debit side of the account.
Correction of Errors
Errors of commission (not affecting the trial balance agreement)
i.e. in the wrong person’s account
Errors of principle (not affecting the trial balance agreement)
i.e. entered in the wrong type of account: motor or motor expense
Errors of original entry (not affecting the trial balance agreement)
Such errors are made where the original amount is incorrect.
Errors of omission (not affecting the trial balance agreement)
Such errors are made where transactions are not entered into the books at all.
Compensating errors (not affecting the trial balance agreement)
Such errors are made where mistakes cancel each other out
Complete reversal of entries (not affecting the trial balance agreement)
Such mistakes are made where the correct amount are entered in the correct accounts, but each item is shown on the wrong side of each account. We have to make the amount twice the amount of the error
-
期会考试前的周记【荐】
岁月无痕,流水时光,眨眼间,一个星期已经过去,相信大家都有不少体会吧,现在的你想必不是在写周记,就是在准备写周记吧。那么写周记需要注意哪些问题呢?下面是小编为大家收集的期会考试前的周记,仅供参考,大家一起来看看吧。期会考试前的周记1离期会考试的时间越来越近了!...
-
考试结束后作文汇总(8篇)
在日常生活或是工作学习中,大家都接触过作文吧,借助作文人们可以反映客观事物、表达思想感情、传递知识信息。相信写作文是一个让许多人都头痛的问题,下面是小编整理的考试结束后作文8篇,欢迎大家借鉴与参考,希望对大家有所帮助。考试结束后作文篇1叮铃铃……伴随着...
-
考试后的感想作文3篇[热门]
无论在学习、工作或是生活中,说到作文,大家肯定都不陌生吧,写作文可以锻炼我们的独处习惯,让自己的心静下来,思考自己未来的方向。那要怎么写好作文呢?下面是小编整理的考试后的感想作文3篇,希望对大家有所帮助。考试后的感想作文篇1虽然月考结束了,但心久久不能平静下...
-
语文考试反思(精)
在现在的社会生活中,我们的任务之一就是教学,反思过往之事,活在当下之时。那么应当如何写反思呢?下面是小编为大家整理的语文考试反思,仅供参考,欢迎大家阅读。语文考试反思1这次语文考试没有考好。我要深刻反思。首先,要学会审题。我要改掉考试不细心读题目的坏习惯...