AS Accounting
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Part 1 Introduction to Accounting Revision Notes
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1. Accounting Principles and Concepts - syllabus aim is a knowledge and understanding of the principles and purposes of
accounting.
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2. The Accounting Equation - syllabus aim is to explain the meaning of assets, liabilities and owner’s equity (capital) by
applying the accounting equation.
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3. The Entry System for Assets, Liabilities & Capital -
syllabus aim is to use the double entry system to record assets, liabilities
and capital.
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4. The Entry System for the Asset of Stock - syllabus aim is to use the double entry system to record the asset of stock.
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5. The Entry System for Expenses & Revenues - syllabus aim is to understand how to record expenses and revenues using the
double entry system.
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6. Balancing Off Accounts - syllabus aim is to balance sales, purchases and general ledger ‘T’ accounts and
make transfers to final accounts.
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7. The Trial Balance - syllabus aim is to
prepare a trial balance from a given list of closing 'T' account balances.
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8. Capital & Revenue Expenditures - syllabus aim to distinguish between accounts for capital expenditure and revenue
expenditure.
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