Double Entry


hangman
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Category: Term
Revenue ExpenseDefinition: Record of day to day income earned by the firm20false
Cash BookDefinition: Used for cash or cheque transactions30false
Asset AccountDefinition: Record of what the firm owns and what is owed to the firm.40false
Purchases BookDefinition: A list of all goods bought on credit for resale50false
Sales BookDefinition: A list of all goods sold on credit60false
Liability AccountDefinition: Record of what the firm owes70false
creditA list of all goods previously sold on _____ which have been returned.81true
expensesRecord of the firm’s day to day running _____.91true