Acca f3 fnancial accounting formulas

CHAPTER # 05 LEDGER ACCOUNTS AND DOUBLE ENTRY

ACCOUNTING EQUATIONS
ASSETS = CAPITAL + LIABILITIES
OPENING CAPITAL + NET PO!IT " #A$INGS +
LIABILITIES
ASSETS = OPENING CAPITAL + NET PO!IT "
#A$INGS + LIABILITIES
IN OTHER FORM
CLOSING CAP = OPENING CAPITAL + !ES% CAPITAL + NET
PO!IT " #A$INGS

CHAPTER # 07 SALESTAX
FOR CALCULATION OF SALES TAX AMOUNT
SELLING PICE IS INCL&SI'E SALES TA( ( )
*++ + )
SELLING PICE IS E(CL&SI'E SALES TA( ( )
*++
CHAPTER # 11 ACCRUALS & PREPAYMENTS
DR INCOME CR
OPENING BALANCE #&E OPENING BALANCE A#'ANCE
CLOSING BALANCE A#'ANCE CAS% ECEI'E# #,T,-
CLOSING BALANCE INCO.E #&E
INCO.E /I0S1
DR EXPENSES CR
OPENING E(PENSE A#'ANCE OPENING E(PENSES #&E
CLOSING E(PENSES #&E CLOSING E(PENSES A#'ANCE
CAS% PAI# !O E(PENSES E(PENSES !,T,-
CHAPTER # 14 CONTROL ACCOUNT
ACCOUNTS RECEIVABLES A/C
OPENING /#1 BALANCE OPENING /C1 BALANCE
CE#IT SALES /IN'OICE ISS&E0
AISE#1
CAS%0C%E2&E ECEI'E#
C%E2&ES #IS%ONO&E# #ISCO&NT ALLO$E#
E!&N# PAI# TO C&STO.ES SALES ET&N /CE#IT NOTES
ISS&E#1
BA# #EBTS
A0 BALANCE SETO!! $IT% A0P
/A0 CONTA $IT% A0P1
CLOSING /C1 BALANCE CLOSING /#1 BALANCE
ACCOUNTS PAYABLES A/C
OPENING # BALANCE OPENING C BALANCE
CAS% 0 C%E2&E PAI# CE#IT P&C%ASE /IN'OICE
ECEI'E#1
#ISCO&NT ECEI'E#
P&C%ASE ET&N /CE#IT NOTE
ECEI'E#1
A0P BALANCE SETO!! $IT% A0
/A0P CONTA $IT% A01
CLOSING C BALANCE CLOSING # BALANCE
CONTROL ACCOUNT RECONCILIATION SCHEDULE
A1 BOO3 O! OIGINAL ENT-
ERRORS AMENDMENTS
A1 $ONG ECO#ING CONTOL A0C 4 LIST
B1 $ONG CASTING CONTOL A0C
B1 GENEAL LE#GE /CONTOL A0C1
ERRORS AMENDMENTS
A1 $ONG POSTING CONTOL A0C
B1 $ONG CASTING CONTOL A0C
C1 S&BSI#IA- LE#GE /IN#I'I#&AL A0C1
ERRORS AMENDMENTS
A1 $ONG POSTING LIST
B1 $ONG CASTING LIST
D) LIST OF INDIVIDUALS A/C
ERRORS AMENDMENTS
A1 $ONG LISTING LIST
B1 $ONG CASTING LIST
ESTABLISHING COST OF SALES
SINCE OPENING IN'ENTO- (
PL&S P&C%ASES (
LESS CLOSING IN'ENTO- /(1
E2&ALS T%E COST O! GOO# SOL# (
T%EN T%E COST O! GOO# SOL# (
PL&S CLOSING IN'ENTO- (
LESS OPENING IN'ENTO- /(1
E2&ALS P&C%ASES (
CHAPTER # 26 INTERPRETATION OF FINANCIAL
STATEMENTS
CAPITAL E.PLO-E# = S%AE%OL#E E2&IT- + LONG TE.
LIABILITIES
/ O TOTAL ASSETS LESS C&ENTS
LIABILITIES1
ET&N ON CAPITAL = PO!IT BE!OE INTEEST 4 TA(
E.LO-E# CAPITAL E.PLO-E#
ET&N ON E2&IT- = PO!IT A!TE TA( 5 PE!EENCE
#I'I#EN#
E2&IT- S%AE%PL#E !&N#S
IN OT%E !O.
PO!IT .AGIN ( ASSET T&N O'E = OCE
PBIT ( SALES = PBIT
SALES CAPITAL E.PLO-E# CAPITAL
E.PLO-E#
#EBT ATIOS = TOTAL #EBTS
TOTAL ASSETS
GEAING ATIOS = TOTAL LONG TE. E2&IT- (
*++)
S%AE %OL#E E2&IT- + TOTAL LONG
T,#EBT
LE'EAGE = S%AE%OL#ES E2&IT- (
*++)
TOTAL ASSETS " C&ENT LIABILITIES
INTEEST CO'E = PO!IT BE!OE INTEEST 4 TA(
INTEEST C%AGE
LIQUIDITY RATIO & WORKING CAPITAL RATIOS INCLUDES
CURRENT RATIOS , QUICK RATIOS , RECEIVABLES COLLECTION RATIOS, PAYABLES
RATIOS & INVENTORY TURNOVER RATIOS.
C&ENT ATIOS = C&ENT ASSETS
C&ENT LIABILTIES
2&IC3 ATIOS = C&ENTS ASSETS LESS IN'ENTO-
C&ENT LIABILTIES
A0C ECEI'ABLES COLLECTION = TA#E ECEI'ABLES ( 367
#A-S
PEIO#S CE#IT SALES
PA-ABLES PA-.ENTS PEIO# = TA#E A0C PA-ABLES ( 367
#A-S
P&C%ASES
IN'ENTO- T&NO'E= IN'ENTO- ( 367 #A-S
PEIO# COST O! SALES