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Accounts Terminology

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Compléter

Accounts TerminologyVersion en ligne

Fill in the blanks in the descriptions set

par Kerry Louth
1

SUPPLIERS GENERAL CUSTOMERS CAPITAL REVENUE CASHBOOK HMRC SUPPLIERS CAPITAL Ledger REVENUE COMPETITION OVERHEADS BANK PROFIT CUSTOMERS LONGTERM NONCURRENT

1 . The gain made by a business over a period of time is called
2 . Money received from the sale of goods or services is called income . whereby money received from the sale of assets is called income .
3 . The amount of the owner's stake in a business is called .
4 . Items owed for more than 1 year is called a liability or a liability .
5 . Examples of five stakeholders are , , , , . ( Put in alphabetical order )
6 . A DIRECT expense relates to an expense directly linked with the producing of goods or sale of goods or services .
7 . The day to day running costs of a business are called or expenses .
8 . The ledger relating to payments and receipts is called the .
9 . Nominal Ledger is also known as the
10 . The sales ledger deals with and the purchase ledger deals with .