EMS accounting

What does 'DICE' stand for?

• Drawings, income, credentials and expenses

• Drawings, income, Capital and expenses

• the game

Telephone is an example of;

What is OE and what does it comprise of?

current assets;

• last longer than a year

• last shorter than a year

Sales, services rendered, discount received and creditors allowance are all examples of;

2 examples of liabilities are:

ACCOUNTING EQUATION: paid R7 200 to Boesman Wholesalers for equipment purchased

• Bank-asset-decrease

  equipment-asset-increase

  ASSET

  -7200

  +7200

  =0

• Bank-asset-increase

  stationery-asset-increase

  ASSET

  =+7200

• Bank-asset-decrease

  equipment-oe-increase

  ASSET

  =-7200

  OE

  =+7200

what is the accounting equation?

A ____ cash register roll is handed to the customer.

A ___ receipt is handed to the customer