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2B: Making and Receiving Payment
Debit Card
Own Owe
Cheque Cash Credit Card
In
Credit Transfer
Start-up Costs
Usually a one-off payment, e.g.
to get the business started Out
Standing Order
Running Costs
Regular payments needed to
keep the business running, e.g. Direct Debit
weekly or monthly
electronic
e Online Shopping Con
al is PAYPAL tex
t u t ual
t ex Small payments Cheques ise
n
Co Non- electronic CASH POST Non- electronic
electronic electronic
Wages Bills Rent Large Payments Weekly Shop
CREDIT TRANSFER DIRECT BEBIT STANDING ORDER CREDIT CARD DEBIT CARD…read more

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2C: Financial Statement (1)
Sales Revenue SR: NIS x SP
Cost of Sales CoS = OS+P-CS
Gross Profit GP = SR ­ CoS
Expenses TE = E+E+E+E
Net Profit NP = GP ­ TE
The Profit & Loss Account…read more

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2C: Financial Statement (2)
Current Assets ­ Current Liabilities = Net Current Assets CA ­ CL = NCA
(Working Capital)
Fixed Assets + Net Current Assets Net Assets FA + NCA = NA
=
(Working Capital)
Capital + Net Profit + Long-term = Capital C + NP + LTL = CE
Liabilities Employed
Balance Sheet…read more

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2D: Profitability and Liquidity Ratios…read more

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