SPM Prinsip Perakaunan Glossary
A glossary of SPM Prinsip Perakaunan terms in Malay, English and Chinese, organised by chapter. Each term comes with its meaning, an example and a common confusion.
One-hour paid trial · Same-day reply · from RM50/hr
Form 4
Introduction to Accounting
11 terms
Accounting · Bookkeeping · Financial Statements · Qualitative Characteristics
Chapter 2Classification of Accounts and the Accounting Equation
11 terms
Asset · Current Asset · Liability · Owner's Equity
Chapter 3Business Documents as a Source of Information
10 terms
Business Document · Source Document · Invoice · Receipt
Chapter 4Books of Prime Entry
11 terms
Books of Prime Entry · General Journal · Purchases Journal · Sales Journal
Chapter 5Ledger
11 terms
Ledger · General Ledger · Subsidiary Ledger · Real Account
Chapter 6Trial Balance
11 terms
Trial Balance · Debit Balance · Credit Balance · Opening Inventory
Chapter 7Financial Statements of a Sole Proprietorship without Adjustments
11 terms
Trading Account · Profit and Loss Account · Gross Profit · Net Profit
Chapter 8Adjustments at the Balance Date and Preparation of Sole Proprietorship Financial Statements
11 terms
Accrual Basis · Accrued Expense · Prepaid Expense · Accrued Revenue
Chapter 9Correction of Errors
11 terms
Correction of Errors · Errors Affecting the Trial Balance · Errors Not Affecting the Trial Balance · Suspense Account
Form 5
Analysis and Interpretation of Financial Statements for Decision Making
11 terms
Ratio Analysis · Profitability Ratio · Gross Profit Margin · Net Profit Margin
Chapter 2Incomplete Records
11 terms
Incomplete Records · Comparison Method · Statement of Affairs · Opening Capital
Chapter 3Accounting for Internal Control
11 terms
Internal Control · Cash Control · Cash Book · Bank Statement
Chapter 4Accounting for Partnerships
11 terms
Partnership · Partnership Agreement · Profit and Loss Appropriation Account · Interest on Capital
Chapter 5Accounting for Companies Limited by Shares
11 terms
Company Limited by Shares · Ordinary Shares · Preference Shares · Authorised Capital
Chapter 6Accounting for Clubs and Societies
11 terms
Club and Society · Receipts and Payments Account · Membership Subscription · Income and Expenditure Account
Chapter 7Cost Accounting
11 terms
Direct Material Cost · Direct Labour Cost · Manufacturing Overhead · Prime Cost