Wednesday 30th June 2021
Option 5: Accounting (9.30 - 10.30)
INSTRUCTIONS:
1. Launch/View 'Video 5' below.
2. Do 'Question 1' which is based on Video 5. Copy the question.
3. Write in your copybook all the notes found in the video and your work on Question 1:
- Write your full name on a fresh page;
- Then write neatly all the notes.
3. Take good quality photos of your notes and then send them to me to sjcaccgrade10@gmail.com by 10.30 am.
4. Use a your gmail account to send me your notes. If you don't have a gmail account, please create one.
Video 5 - Types of business transactions
(Video 2)Question 1
NOTE:
INFLOW means that MONEY is getting IN the business ...RECEIPTS
OUTFLOW means that MONEY is getting OUT of the business ...PAYMENTS
A transaction is considered as a CASH transaction when receipts or payments have been done in CASH.
A transaction is considered as a BANK transaction when receipts or payments have been done by CHEQUE.
INFLOW means that MONEY is getting IN the business ...RECEIPTS
OUTFLOW means that MONEY is getting OUT of the business ...PAYMENTS
A transaction is considered as a CASH transaction when receipts or payments have been done in CASH.
A transaction is considered as a BANK transaction when receipts or payments have been done by CHEQUE.