Accounting Terminology Flashcards
1
Q
Property/plot/premises
A
Land and Buildings
2
Q
Computers/laptops/digital gadgets
A
Equipment
3
Q
Car/delivery van (transport)
A
Vehicles
4
Q
Cash/ money
A
Bank
5
Q
Change in till
A
Cash float
6
Q
Owner ‘gives’ funds to the business
A
Capital
7
Q
Owner ‘takes’ business funds for personal use
A
Drawings
8
Q
Shampoo…… at a hairdressser
Washing powder……… at a dry cleaner
Oils & creams………. at a health spa
A
Material costs
9
Q
Exist or trade legally
A
Trading licence
10
Q
Weekly employees
A
Wages
11
Q
Invoice books, office pens, office printing paper
A
Stationary
12
Q
Landline phone calls
A
Telephone
13
Q
Government service
- a basic need
A
Water
14
Q
Government charge on property
A
Rates
15
Q
Eskom service
A
Electricity
