Anh văn chuyên ngành 1 - AC10 (55)

When you received money from debtors who pay their debts within required time, the discount you give him is called .............

In the transaction below: ‘You owed A John, a creditor for the goods bought from him & you paid your debt within required time; hence A John gave you cash discount’.

What kind of discount is it?

From the transaction below: ‘A Smith owed the business £1,800 for the goods sold to him & he paid his debt within required time; hence 3% cash discount was given to him’.

What kind of discount is it?

............ is an amount received from creditors when paying them within required time.

From the transaction below: ‘A Smith owed the business £1,800 for the goods sold to him & he paid his debt within required time; hence 3% cash discount was given to him’.

How much did A Smith actually pay?

Book-keeping entries relating to Payment received from debtor are:

In the transaction ‘wages of £40 are paid in cash’, which entries are correct?

Book-keeping entries relating to Cash Purchases are:

Book-keeping entries relating to Payment to creditor are:

............. accounts cover asset accounts such as premises, motor vehicles, etc.

.............. Ledger is used to record debtor accounts

4 types of personal accounts include capital, supplier, customer, and ..........

............. accounts are individual accounts of debtors and creditors.

The account ‘T Smith’ has 4 transactions during July, Year 4, including 2 debit entries with £50 & £80 and 2 credit entries with £170 and £230. How much is the balance of this account at the end of July, Year 4?

The difference between current account and deposit account is that current account is used for ............ banking and withdrawal of money, and in deposit account withdrawals will be .............

The account ‘Bank’ has 3 transactions during July, Year 4, including 1 debit entries with £2,000 and 2 credit entries with £170 and £240. How much is the balance of this account at the end of July, Year 4?

Where balances are carried forward from one page to the next, ‘balance .........’ would appear at the bottom of one page and ‘balance .......’ at the top of the next page.

A .... is someone who owes you money after you sell him/ her on credit.

‘Capital’ is ................

In the following transaction: ‘The owner puts a further amount into the business by cheque’, which account is debited and which account is credited?