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FRK111 Study Notes

Introduction to the Understanding of Accounting (2021) chapters 1-3, see in detail summaries in the single document's description

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Summary History of accounting

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Study notes for FRK111 or FRK133, from the textbook An Introduction to the Understanding of Accounting (2021). Describes the double-entry system, defines accounting and an entity, Accrual concept is discussed and the conceptual framework of accounting and lastly the measurement elements of financial...

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Summary Statement of Financial Position

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Chapter 2 Summary, for FRK111 and FRK133 , the summary discusses the duality concept and statement of financial position.

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Summary Statement of Profit or loss and other comprehensive income.

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An Introduction to the understanding of accounting chapter 3 summary which covers the details of trading and service entities' statement of profit and loss.

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Summary Chapter 7: Trial Balance

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Question 7.2 periodic inventory in the TB Question 7.6 periodic inventory in the TB The basic layout of a Trial Balance The limitations and errors of a Trial balance and the correction of the trial balance account

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