UGBS 205 Fundamentals of Accounting: past questions

What the questions cover

• Bank Reconciliation4
• Financial Statements4
• Information Needs4
• Accounting Subfields3
• Information Quality3
• Measurement Bases3

Also: Accounting Information Users · Business Activities · Cash Book · Company Characteristics · Control Accounts · Double Entry · Doubtful Debts · Recognition Criteria · Accounting Concepts · Accounting Policies · Accounting Standards · Accounting Techniques · Accrual Basis Accounting · Accruals and Prepayments · Asset Recognition · Bad Debts · Bank Reconciliation Timing Differences · Bookkeeping · Books of Original Entry · Business Entity · Business Organizations · Business Ownership · Capital Expenditure · Capital Receipts · Cash Basis · Conceptual Framework · Consistency · Current Assets · Current Liabilities · Definition of Accounting · Depreciation · Dishonoured Cheques · Double-Entry Rules · Duality · Equity · Expenses and Losses · Financial Statement Elements · Financial Statement Recognition · GAAP · General Journal · Going Concern · Gross Profit Calculation · Historical Cost · Imprest System · Income Classification · Income Statement · Journals · Ledger Balancing · Ledgers · Liabilities · Management Accounting · Materiality · Money Measurement · Non-Current Assets · Partnership · Periodicity · Petty Cash · Prepaid Expenses · Prudence · Purchases Day Book · Purpose of Accounting · Reducing Balance Depreciation · Revenue Expenditure · Sales Ledger · Sole Proprietorship · Source Documents · Statement of Financial Position · Straight-Line Depreciation · Substance over Form · Trial Balance · Two-Column Cash Book.

How to practise UGBS 205

1. Open commonyard.app and join — with Google, Apple or your phone number. It’s free.
2. Join a school yard: your school’s, if it has one, from MY YARDS. If there isn’t one, make one and pick School.
3. Open Practice: tap the PRACTICE card that appears as you scroll the Yard, or open your school yard and tap Practice.
4. Choose level 200, then UGBS 205 Fundamentals of Accounting, then the topic.
5. Choose timed or untimed, and how many questions — anything from 5 to 50.
6. Answer the questions, then see how you did.