GRADE 10 ACCN CONCEPTS

Owner’s equity

• The document used to record small amounts issued for purchases.

• The document used to record goods sold on account.

• Money withdrawn by the owner from the business for personal use.

• Sources of earnings to the business.

• The owner's net investment in the business.

Drawings

• The document used to record small amounts issued for purchases.

• The document used to record goods sold on account.

• Money withdrawn by the owner from the business for personal use.

• Sources of earnings to the business.

• The owner's net investment in the business.

Petty cash voucher

• The document used to record small amounts issued for purchases.

• The document used to record goods sold on account.

• Money withdrawn by the owner from the business for personal use.

• Sources of earnings to the business.

• The owner's net investment in the business.

Duplicate invoice

• The document used to record small amounts issued for purchases.

• The document used to record goods sold on account.

• Money withdrawn by the owner from the business for personal use.

• Sources of earnings to the business.

• The owner's net investment in the business.

Income

• The document used to record small amounts issued for purchases.

• The document used to record goods sold on account.

• Money withdrawn by the owner from the business for personal use.

• Sources of earnings to the business.

• The owner's net investment in the business.