Double Entry


hangman
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Category: Definition
boughtA list of goods that were previously _____ which have been returned11true
Purchases BookDefinition: A list of all goods bought on credit for resale20true
Sales Return BookDefinition: A list of all goods previously sold on credit which have been returned.30false
incomeRecord of day to day _____ earned by the firm41true
Cash BookDefinition: Used for cash or cheque transactions50false
Sales BookDefinition: A list of all goods sold on credit60false
Liability AccountDefinition: Record of what the firm owes70false
Asset AccountDefinition: Record of what the firm owns and what is owed to the firm.80false
Expense AccountDefinition: Record of the firm’s day to day running expenses.90false