1
Q
Debtors
A
People who owe a firm money
2
Q
Creditors
A
People to whom a firm owes money
3
Q
Control accounts
A
Used in business to check that the debtors and creditors accounts are correct
4
Q
What is the other name control accounts can sometimes be called?
A
Total debtors and total creditors accounts
5
Q
In what two formats can control accounts be prepared?
A
T account format or continuous balance format
JC Business
flashcards
Decks in class (30)
# Cards
-
The household Consumer24
-
Chapter 17 - Foreign Trade17
-
Chapter 27 - Marketing29
-
Chapter 39 - Control Accounts5
-
Chapter 36 - The General Journal4
-
Chapter 1 - Household Income8
-
Chapter 2 - Household Expenditure7
-
Chapter 3 - Household Budgeting6
-
Chapter 7 - Money7
-
Chapter 8 - Commercial Banking12
-
Chapter 9 - Making Payments29
-
Chapter 10- Saving & Investing19
-
Chapter 11 - Borrowing35
-
Chapter 12 - Household Purchases6
-
Chapter 13 - Insurance44
-
Chapter 14 - Premiums & Claims7
-
Chapter 15 - Intro to Economics23
-
Chapter 21 - Communications19
-
Chapter 18 - Forms of Business32
-
Chapter 28 - Delivery Systems36
-
Chapter 16 - The National Budget40
-
Chapter 26 - Industrial Relations40
-
Chapter 24 - People at Work34
-
Chapter 25 - The employer34
-
Chapter 48 - Club Accounts11
-
Chapter 50 - Information Technology42
-
Chapter 29 - Business Documents36
-
Chapter 47 - Assessing the Business43
-
Chapter 38 - Bank Accounts9
-
Chapter 40 - The Petty Cash Book4
