AS Unit 1 ACCN1 Introduction to Financial Accounting

AQA A-level ACCOUNTING Paper 1 Financial Accounting BEST FOR 2022 ACTUAL EXAM REVIEW Charlotte runs a small retail outlet. She does not keep full accounting records but has been able to provide the following information. 1 February 2018 31 January 2019 £ £ Fixtures and fittings at net book value 40 000 ? Cash 200 150 Other payables (general expenses) 400 0 Trade payables 27 629 28 754 Other receivables (general expenses) 0 150 Inventory 25 183 ? Bank summary for the year en...

Charlotte runs a small retail outlet. She does not keep full accounting records but has been able to provide the following information. 1 February 2018 31 January 2019 £ £ Fixtures and fittings at net book value 40 000 ? Cash 200 150 Other payables (general expenses) 400 0 Trade payables 27 629 28 754 Other receivables (general expenses) 0 150 Inventory 25 183 ? Bank summary for the year ended 31 January 2019. Details £ Details £ Bal b/d 2 400 Wages 15 000 Cash 47 650 G...

Role of the Accountant

Marking guidance for questions 16 & 17 Be clear on the focus of the question. When you have decided on the level to be awarded add the appropriate comment which best describes the response to the end of the answer. L5 Convincing judgement/recommendation fully supported by evaluation and analysis of a wide range of evidence with a strong chain of reasoning. L5 Astute judgement/recommendation which takes limitations of evidence into account. L4 Judgement/recommendation is supported by eva...

This notes provided a detailed summary for essentials of double entry including source documents, day books and ledgers with terminology of accounting. It also shows the uses of financial statements. In conclusion, these notes summarise the basic and key elements of double entries in bookkeeping.