Debit - An entry on the left side of an account, Carried down - Balance at the end of a period, Credit - Sales are recorded on the ——— side of the account, Discount - This is given to encourage early payment, Transposition - Reversal of numbers, Carriage in - This is added to purchases, Returns in - Sales returns , Gross profit - Calculated by the trading account, Capital - Money introduced to start a business, Drawings - Wages of a sole trader, Purchases - Payments for inventory, Current - Liabilities due within a year, Loan - A mortgage is a type of ——, Principle - An entry in the wrong type of account is an error of —-,

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