99+ ATAR VCE ACCOUNTING Notes Unit 3&4

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