Unit 2 - Credit Transactions
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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credit transaction | show 🗑
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show | source doc that verifies the details of a credit transaction
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why must terms be stated on an invoice? | show 🗑
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sales invoice | show 🗑
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purchase invoice | show 🗑
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show | a customer who owes a debt to the business for g/s sold to them on credit
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show | a supplier who is owed a debt by the business for g/s purchased from them on credit
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credit purchase | show 🗑
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purchases journal | show 🗑
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credit purchase effect on b.s | show 🗑
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creditor formula: | show 🗑
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creditors record | show 🗑
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show | a listing of the name and balance of each creditor's record
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credit Sales - affect on b.s | show 🗑
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debtors record | show 🗑
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show | a listing of the name and balanceof each debtor's record
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pros of using subsidiary records | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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