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Give definition - Sole Trader
A record of financial transactions in order by date
Keep track of the sales of items when cash is received
A financial gain between the money earned and the money spent
Resource with economic value
1 individual runs and owns the entire business
Expesnse
Financial assets owned by an individual or organistation
Money that a business or individual receives in exchange for providing goods or a service
Give definition - Asset
A record of financial transactions in order by date
Keep track of the sales of items when cash is received
A financial gain between the money earned and the money spent
Resource with economic value
1 individual runs and owns the entire business
Expesnse
Financial assets owned by an individual or organistation
Money that a business or individual receives in exchange for providing goods or a service
Give definition - Capital
A record of financial transactions in order by date
Keep track of the sales of items when cash is received
A financial gain between the money earned and the money spent
Resource with economic value
1 individual runs and owns the entire business
Expesnse
Financial assets owned by an individual or organistation
Money that a business or individual receives in exchange for providing goods or a service
Give definition - Debit
A record of financial transactions in order by date
Keep track of the sales of items when cash is received
A financial gain between the money earned and the money spent
Resource with economic value
1 individual runs and owns the entire business
Expesnse
Financial assets owned by an individual or organistation
Money that a business or individual receives in exchange for providing goods or a service
Give definition - Profit
A record of financial transactions in order by date
Keep track of the sales of items when cash is received
A financial gain between the money earned and the money spent
Resource with economic value
1 individual runs and owns the entire business
Expesnse
Financial assets owned by an individual or organistation
Money that a business or individual receives in exchange for providing goods or a service
Give definition - Income
A record of financial transactions in order by date
Keep track of the sales of items when cash is received
A financial gain between the money earned and the money spent
Resource with economic value
1 individual runs and owns the entire business
Expesnse
Financial assets owned by an individual or organistation
Money that a business or individual receives in exchange for providing goods or a service
Give definition - Cash receipts
A record of financial transactions in order by date
Keep track of the sales of items when cash is received
A financial gain between the money earned and the money spent
Resource with economic value
1 individual runs and owns the entire business
Expesnse
Financial assets owned by an individual or organistation
Money that a business or individual receives in exchange for providing goods or a service
Give definition - Journal
A record of financial transactions in order by date
Keep track of the sales of items when cash is received
A financial gain between the money earned and the money spent
Resource with economic value
1 individual runs and owns the entire business
Expesnse
Financial assets owned by an individual or organistation
Money that a business or individual receives in exchange for providing goods or a service
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