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Grade 9 Term 2 > EMS- Owners' Equity > Flashcards

EMS- Owners' Equity Flashcards

1
Q

Capital and income

A

Increase

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2
Q

Drawings and expenses

A

Decrease

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3
Q

Aim of a business

A

Is to make profit.

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4
Q

Income and expense

A

Influence o.e.

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5
Q

Expenses

A

Rent, wages, salaries.
Consumables- stationery, packing material and fuel.
Cost of sales

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6
Q

Income

A

Current income

Sales

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Grade 9 Term 2 (31 decks)

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