i) Assets - Propert of all kind owned by an individual, business or anyother organization may be fixed or current
ii) Credit transactions. – Where goos or services are bought or sold and payment is made at a later date
iii) Networth of a Business. – refers to owner claim what the owners of a business have contributed in running and sustaining business it constitutes owners contribution plus profits less drawings.
iv) Ledger.- a book of accounts where all transactions are recorded
marto answered the question on October 1, 2019 at 05:46
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2015
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