Accn1 4.5 / 5 based on 3 ratings ? AccountingAccn1ASAQA Created by: TylaCreated on: 11-12-13 13:06 7936241510 Across 1. discount given to customers who settle their bills promptly. Increase in Expenses. (8, 7) 3. Provide evidence of any bank transactions, eg, money being paid into your account. Confirmation of electronic transactions. (4, 9) 4. Summary of all cash sales. Details date and amount of money received. (4, 4) 5. Fixed amounts of money automatically is taken from your bank account electronically on a regular basis. (8, 5) 6. discount received from suppliers for settling our bills promptly. Increase in Revenue (8, 8) Down 2. things taken from the business for the owners personal use. Usually money but can be Goods, vehicles or property. Subtracted from capital at year end. (8) 3. Bad debts are and Expense on the Income Statement. They decrease Profits. Bad debts are subtracted form Debtors in the current assets section of the balance sheet and thefore they decrease working capital. (3, 5) 7. Individuals or organisations that have an interest in the business. (12) 9. are something you own (6) 10. Earned from the sale of goods. Will increase profits. (7)
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