EMS Grade 9 Lesson 23

A debtor is a ________.

When goods are sold on credit the transaction will be recorded in the _________.

The Act is aimed at protecting consumers and producers and creating a fair credit market place in SA.

An agreement in which a buyer receives something of value now and agrees to repay the seller at a later date.

(a)  

The owner rented part of the building to his sister to start a catering business. Receive her first month rental.

What is the Accounting Equation?

When a debtor settles his account the transaction should be recorded in the _____.

What does a customer receive when they have made a payment to your business?

The source document the customer receives when buying goods on credit is called_____.

Which two accounts are affected when an owner deposits R 50 000 into the business account?