ACC812 – 2019

Before a transaction is recorded in the ledger, it must first be entered in a book of _________

________ discount is a reduction in the amount that the customer has to pay, provided payment is made within a given period stipulated by the seller at the time of sale

_______concept allows the user to look at a set of financial statements over a number of years for an entity and to assume that the same methods, policies and estimation techniques have been used from year to year.

A/An ___________ is a source document sent by the seller, and is primarily to inform the buyer how much is owed for the goods supplied.

Assets – Liabilities = _________

Before a transaction is recorded in the ledger, it must first be entered in a book of _________

Accounting ______ are broad basic assumptions that underlie the periodic financial statements of business enterprises

________are amounts provided to allow for liabilities that are anticipated but not yet quantified precisely, or for reductions in asset values.

________ discount is a reduction in the amount that the customer has to pay, provided payment is made within a given period stipulated by the seller at the time of sale

Before a transaction is recorded in the ledger, it must first be entered in a book of _________

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