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GRADE 8 EMS Flashcards | StudBud
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GRADE 8 EMS
GRADE 8 EMS
8 terms
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StudBud Administration
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190 plays
FINANCIAL LITERACY
Flashcards
8 cards
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Practice quiz
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Questions
8
Answers
1
Should be issued when goods are delivered
receipt
invoice
till slip
credit note
2
Sindi purchased hair driers and reclining chairs, and also installed basins in her new salon
fixed assets
current assets
loss
capital
3
Sindi has an account with her shampoo supplier
Loss
long-term liability
asset
short-term liability
4
Sindi charges R150 for a cut. She has 10 clients today.
Total income is R 1500
Total deficit is R 1500
Total profit is R 1500
Sindi is breaking even
5
Sindi spends money every month on shampoo
expense
loss
liability
tax
6
Sindi owns a vehicle which she uses for business purposes
fixed / tangible asset
capital
current asset
expense
7
Sindi pays her home telephone account from the business bank account
Current liability
Drawings
Expense
Loss
8
Sindi started her business by investing R 10 000 she inherited from her aunt
profit
liability
owner's equity
capital
