Chapter 21 Flashcards
1
Q
Creditors
A
Are people who are owed money by a business
2
Q
Debitors
A
Are people who owe a business money
3
Q
Ledger accounts
A
Are used to record the details of every financial transaction undertaking by a business
4
Q
A trial balance
A
Is a list of balances brought down from all the ledger accounts
