Unit 2 Flashcards
What is a ‘budget’?
Main system of Mathis notation that uses 10 as a base.
Financial year
10
Assets
By multiplying an integer between 0 and 9 with a power of 10.
Liabilities
9 which is 1 less than 10 the base.
Interest
The power of 10, with every one place from right to left.
Liquidity
hvj
Solvency
bkbk
Hire purchase (HP)
bjb m
Value Added Tax (VAT)
jbjb
Budgeting
jgj
Household budgets
bjk
Local, Provincial and National Budgets
bjb
How does the Government budget?
ihi
How does the government attend to a deficit?
bjb
Variances in budget figures
bjb
Type of bank accounts
bkjbk
Service fees charged by the bank
kbk
A variety of charges that a bank could levy on the services rendered to clients.
bjvj
Financial statements
hvj
Balance Sheet
jhk
Depreciation
jbj
Share Capital
bk
Income maintained
kbk
Understanding the Income Statement
hkj
