Learnign aim C (part 2)

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6. Revenue expendicture (RE)
Spending on items on a day-to-day or regular basis.
1 of 15
6. Inventory (RE)
Money to buy stock.
2 of 15
6. Rent (RE)
Cost of using premises not owned by the business, monthly payments.
3 of 15
6. Rates (RE)
Sum of money paid to loacl council for street lights and refuse collection.
4 of 15
6. Heating and lighting (RE)
Payments for services such as gas and electricity.
5 of 15
6. Water (RE)
Payments for supply of water.
6 of 15
6. Insurance (RE)
Building, contents, public liability (people in the building) and Employers liability insurance (employee injured at work, business is protected against claims.
7 of 15
6. Administration (RE)
Paperwork either internally between employees or externally with suppliers and customers.
8 of 15
6. Salaries (RE)
Annual figure to pay employee for working - Monthly.
9 of 15
6. Wages (RE)
Hourly rate paid to emplyee.
10 of 15
6. Marketing (RE)
Range of costs associated with attracting the customer and convincing them to make a purchase.
11 of 15
7. Bank charges
Bnaks charge businesses for each transaction that takes place.
12 of 15
7. Interest paid
If business has loan or mortgage, interest will be charged non this.
13 of 15
7. Depreciation
Assets lose value over time. Straight-line depreciation - depreciates each year. Reducing balance depreciation - depreciated by percentage of its remaining value each year.
14 of 15
7. Discount allowed
Expense to business as it reduces the amount of cash flowing into business.
15 of 15

Other cards in this set

Card 2

Front

Money to buy stock.

Back

6. Inventory (RE)

Card 3

Front

Cost of using premises not owned by the business, monthly payments.

Back

Preview of the back of card 3

Card 4

Front

Sum of money paid to loacl council for street lights and refuse collection.

Back

Preview of the back of card 4

Card 5

Front

Payments for services such as gas and electricity.

Back

Preview of the back of card 5
View more cards

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