Accounting Principles

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Work out level of return in the business
Owners
1 of 11
Work out if they're likely to get paid
Suppliers
2 of 11
Work out if they are a good credit risk
Banks
3 of 11
Work out their security of their jobs
Staff
4 of 11
See if the company will still be trading so they can make future purchases
Customers
5 of 11
Settled immediately by the customer
Cash sale
6 of 11
Customer is given a period of time to pay
Credit sale
7 of 11
Cash coming into the business
Cash receipts book
8 of 11
Cash going out the business
Cash payments book
9 of 11
Where credit income is recorded
Sales day book
10 of 11
Where credit purchases are recorded
Purchase day book
11 of 11

Other cards in this set

Card 2

Front

Work out if they're likely to get paid

Back

Suppliers

Card 3

Front

Work out if they are a good credit risk

Back

Preview of the front of card 3

Card 4

Front

Work out their security of their jobs

Back

Preview of the front of card 4

Card 5

Front

See if the company will still be trading so they can make future purchases

Back

Preview of the front of card 5
View more cards

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