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For Anara (The bigger picture)

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neganinja's version from 2017-07-14 06:37

Section

Question Answer
Salesexchanging a good or service for money
Purchasebuying a good or service
Paymentstransfer of money to someone else (for example, for purchases or for wages to employees)
Receipts getting money from someone else (for example, from customers)
Petty cashpaying for low value items with a small fund of cash
Payrollwages and salaries paid to employees, and any payroll taxes.
maintainkeep, take care of
sole traderthe only person who owns a business
Bookkeepingrecording transactions
accountingusing the bookkeeping information to prepare financial statements
Profitthe difference between income and expenses.
memorize