Menu
Menu
Introduction
Accounting terminology
Key accounting terms
Other common accounting terms
Take a test
Understanding the accounting equation
Defining the accounting equation
Example — the accounting equation in action
Take a test
The statement of financial position
Contents of a statement of financial position
Example — preparing a statement of financial position
Vertical presentation of a statement of financial position
Take a test
The statement of profit or loss
Basic terminology
Example — preparing a statement of profit or loss and a statement of financial position
The cost of goods sold
Profit and cash
Take a test
Capital and revenue
Cost of non-current assets
Capital transactions
Revenue transactions
Take a test
Summary
Learning outcome
What you must know
Unit synopsis
Unit test
Additional practice question
Syllabus
Glossary
Notepad
Calculator