Customer and Supplier Accounts

Is Jay a customer or supplier of the business

• customer

• supplier

on 1 Mar 2020

• Jay owed the business $1250

• the business owed Jay $1250

The Percentage Discount Received was

• 1%

• 2.04%

• 2%

• 3%

The other entry linked to 3 March 2020 is

• Dr Sales 615

• Cr Sales 615

• Dr Purchases 615

• Dr Sales 615

Jay is a

• Trade Receivable

• Other Receivable

• Trade Payable

• Other Payable

In the accounts of Jay the other business will be a

• Trade Receivable

• Other Receivable

• Trade Payable

• Other Payable

In the accounts of Shazia the other business will be a

• Trade Receivable

• Other Receivable

• Trade Payable

• Other Payable

For the business Shazia is a

• Trade Receivable

• Other Receivable

• Trade Payable

• Other Payable

This is an account for a

• asset

• expense

• Liability

• Income

On 1 May

• Shazia owed the business $414

• Shazia owed the business $240

• The business owed Shazia $240

• The business owed Shazia 414