Terminology associated with accounting
- Created by: marco01
- Created on: 01-12-17 11:50
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- Terminology associated with accounting
- A CUSTOMER IS A PERSON OR BUSINESS WHO PURCHASES GOODS OR SERVICES
- A SUPPLIER IS A PERSON OR BUSINESS THAT SUPPLIES GOODS OR SERVICES
- A CASH SALE WHEN GOODS OR SERVICES ARE PAID STRAIGHT AWAY
- A CREDIT SALE WHEN GOODS OR SERVICES ARE PAID FOR AT A LATER DATE
- A DEBTOR TRADE RECEIVABLE A CUSTOMER WHO HAS BROUGHT GOODS OR SERVICES ON CREDIT
- A CREDITOR TRADE PAYABLE IS A SUPPLIER WHO HAS SUPPLIED GOODS OR SERVICES ON CREDIT
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