Accounting terminology Flashcards
(24 cards)
Fixed assets:
Property/building
Computers/ tablets/digital gadgets
Bakkie/ car/ delivery man
Land and buildings
Equipment
Vehicle
Current assets:
Cash/ funds
Change in the till
Bank
Cash float
Owner ‘gives’ funds to the business
Capital
Owner ‘takes’ business funds for personal use
Drawings
Operating income :
Current income
Rent income
Receive as a ‘gift’
We render a service
We have a tenant
Donation income
What a business uses to render a service eg. Shampoo at a hairdresser
Material costs
Our business exist and trades legally
Trading license
Weekly employees
Wages
Invoie book, pens, printing paper
Stationery
Landline phone calls
Telephone
Government service
Water
Government charge on property
Rent expense
Eskom service
Electricity
Fix broken windows, shelves etc.
Repairing
Carrier bags at
Pick n Pay
Packing material
Safety future precaution on property or vehicles etc
Insurance
Coffee, tea, milk etc.
Refreshments
Stamps, parcels etc.
Postage
Monthly employees
Salaries
Maintenance or repairs for our vehicles
Vehicle expense
We are the tenant
Rent expense
Promoting our product or business
Advertisement
Cleaning materials
Consumables
When we give away stock or cash
Donation expense
