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Net Profit 20 000 . Control accounts. The most important is that the financial statements known as the final accounts must be drafted in the same way. Theme Topic You should be able to: Check list Comments The purpose of accounting Sources and recording of data 1.1 2.1 Explain the difference between bookkeeping and accounting Bookkeeping means keeping basic financial records, tracking and 3 000 5 000 25 000 . Complete and updated to the latest syllabus. The Accounting Principles . Example: Trading and Profit and Loss and Appropriation Account . A2 Level Accounting - Resources, Past Papers, Notes, Exercises & Quizes. They are several assumptions concerned with the recording of transactions in the books. The Cambridge IGCSE Accounting syllabus introduces learners to the theory and concepts of accounting and the ways in which accounting is used in a variety of modern economic and business contexts. The aims of the Cambridge IGCSE Accounting syllabus are to enable students to develop: knowledge and understanding of the principles and purposes of accounting for individuals, businesses, non-trading organisations and society as a whole; an understanding of accounting principles, policies, techniques, procedures and terminology ADD Interest on Drawings : Abrahams 2 000 : Peterson . In order to do this, an accounting system must be designed. Accounting Principles and Concepts . Home Prime Entry Limited company Ratios Financial statements Other topics Handwritten notes How can the collection period for trade receivables be improved? IGCSE Accounting notes. Studying hard wouldn’t pay off if you don’t save your notes in an organized manner. 5) Organise Your Notes: Being organized is a skill that pays off in the long term. There should be one go-to place for all your notes. Download Introduction to Accounting pdf Notes & Textbook : Here we have provided some details for Introduction to Accounting textbook. Basic Introduction to Accounting is about the purpose of accounting is to provide a means of recording, reporting, summarizing, and interpreting economic data. This is so that there is a … SCIENCES-Topic based Chem past papers HERE -Topic based Physics past papers HERE-Topic based Bio past papers HERE - IGCSE Bio notes Download here - IGCSE Chem notes Download here -Revision notes for Environmental Management HERE-Good IGCSE Bio notes available HERE-Physics last minute revision guide HERE-IGCSE Bio Papers P1,P3 and P6 from 1993 - 2001 QP thanks to Q80BOY … You must study as well as keep your notes organized in a designated notebook or folder. A control account checks the arithmetical accuracy of the ledgers, the totals used in the control accounts are from the books of original entry not the ledgers, if they were from the ledgers errors would not be revealed. IGCSE & O Level Accounting Workbook Catherine Coucom . This Cambridge IGCSE papers are created especially for global or international students. cie igcse Smart Notes Online is an educational platform that makes studying Smart, Easier, Better and Less-time consuming. Cambridge IGCSE Accounting is accepted by universites and employers as proof of an understanding of the theory and concepts of accounting, and the ways in which accounting is used in a variety of modern economic and business contexts. Free CAIE IGCSE Accounting (0452) Theory Preface summarized revision notes written for students, by students. 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