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Details all theory questions outlined in the study design for accounting Unit 3&4. Provides definitions, explanations of accounting concepts and assumptions, book-keeping examples (Focusing on VCAA styled extended questions), and how to succeed in accounting. It details topics including:
Accounting process Accounting reconstruction Double entry Credit transactions Recording inventory Cost assignment methods Valuing inventory Closing and opening ledgers Budgeting Cash Flow Statement Income Statement Balance Sheet Profit vs cash
Added November 2022