Introduction to Accounting

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  • Created by: JordanVDF
  • Created on: 04-07-15 13:59
Evidence that a financial transaction has taken place EG receipt, credit note or till roll
source documents
1 of 10
The cost of transporation of goods to the customer
carriage out
2 of 10
resources withdrawn from the business by the owner. Reduces equity
drawings
3 of 10
_ _ _ _ _ _ _ _ stakeholders, employess and owners
internal
4 of 10
current assets LESS current liabilities
working capital
5 of 10
document used to show the value of a business on a particular date
balance sheet
6 of 10
Profits made by sales LESS cost of sales. Profit made before taking into account overheads and expenses
gross profit
7 of 10
goods returned to the trader
returns in
8 of 10
Investment in the business made by the owner
capital
9 of 10
The reduction in value of fixed assests
depreciation
10 of 10

Other cards in this set

Card 2

Front

The cost of transporation of goods to the customer

Back

carriage out

Card 3

Front

resources withdrawn from the business by the owner. Reduces equity

Back

Preview of the front of card 3

Card 4

Front

_ _ _ _ _ _ _ _ stakeholders, employess and owners

Back

Preview of the front of card 4

Card 5

Front

current assets LESS current liabilities

Back

Preview of the front of card 5
View more cards

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