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Summary Grade 8 Accounting Concepts and Accounting calculations

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This is a neat, colourful document outlining and revising accounting concepts learnt in grade 8 Economics and Management Sciences. These notes also contain a helpful rhyme for remembering the main accounts in an order which becomes useful from grade 9 to 12. The notes include the main accounting calculations essential throughout high school accounting.

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Institution
Rand Park High School
Module
Economic and Management Sciences








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Institution
Rand Park High School
Module
Economic and Management Sciences
All documents for this subject (1)

Document information

Uploaded on
March 27, 2020
Number of pages
3
Written in
2017/2018
Type
Summary

Subjects

  • grade 8 ems
  • grade 8 accounting
  • ems
  • accounting
  • grade 9 ems
  • grade 9 accounting
  • accounting calculations
  • ems calculations
  • ems revision
  • accounting revision
  • grade 8
  • grade 9

Content preview

EMS
Grade 8 revision




Assets
Possessions




Liabilities

Accounting Debt

The recording of financial transactions, classifying the accounts,
and reporting on the results which are then analyzed as a basis
for decision making.



1 2 3
Owner’s Equity
Owner’s investment.
NON-CURRENT CURRENT ASSETS LIABILITIES
ASSETS Debtor’s control • Capital
Creditor’s Control
Trading stock
Buildings Loan • Drawings
Bank
Vehicles (eg; Mortgage Loan)
Cash Float
Equipment
Petty Cash
£3.67
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