Credit transactions
Pre-Technical Studies · Grade 8 · about 40 minutes
Classify credit sales and credit purchases, name debtors and creditors, and contrast them with cash.
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- 9 sections of explanation, worked examples and diagrams
- 1 practice task with hints and worked answers
- A quiz that marks itself as you go
- Your progress kept across every subject you take
Other lessons in this sub-strand
- What bookkeeping is
- Basic bookkeeping terms
- Why bookkeeping is important
- The bookkeeping equation
- Calculating assets, liabilities and capital
- Cash transactions
- Credit transactions
- Cost, price, profit and loss
- Parts of a statement of financial position
- Preparing a simple SOFP
- A simple income statement
- A simple cash-flow statement
- Three statements for one kiosk