1
Q
Assets
A
Something that a business owns
2
Q
Capital
A
The amount of money invested by the owner in the business
3
Q
Discount Policy
A
A business system for giving the different types of discount to customers in order to encourage certIn buying behaviours
4
Q
Expenses
A
What the business spends to purchase goods or services for the company
5
Q
Financial Statements
A
The statement of profit or loss and the statement of financial position of a business
6
Q
Income
A
What the business earns when it makes sales and goods or services to other parties
7
Q
Liabilities
A
Something that a business owes
AAT : Bookkeeping Transactions
flashcards
Decks in class (22)
# Cards
-
Key Words for Chapter 121
-
Chapter 11 Keywords5
-
Chapter 11 Accounting for petty cash7
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Chapter 10 Double Entry for purchaes and trade Payables6
-
Chapter 10 Key Words2
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Chapter 9 Key words6
-
Chapter 9 Double Entry for Sales and Trade Recivables7
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Chapter 8 Key Words8
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Chapter 8: Maintaining the cash book12
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Chapter 7 Key words7
-
Chapter 7 Double enrty P26
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Chapter 6 Key words7
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Chapter 6 Double Entry P18
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Chapter 5 key words9
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Chapter 5 Recording Credit Purchases12
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Chapter 4 Key words7
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Chapter 4 Recording Credit Sales8
-
Chapter 3 Keywords10
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Chapter 3: VAT and Discounts23
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Chapter 2: Books of Prime Entry31
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Key words for Chapter 213
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Chapter 1: Business Documentation20
