Accounts ppt ch-2.pdf

Accounts ppt ch-2 Accounts ppt ch-2 Page 1 of 6  Transaction EXTERNAL : INTERNAL : These involve the trading of An internal transaction involves the goods and services with...

Accounts ppt ch-2 Accounts ppt ch-2 Page 1 of 6  Transaction EXTERNAL : INTERNAL : These involve the trading of An internal transaction involves the goods and services with exchange of assets and funds money. within the business. EX-payment of salary to staff. EX- payment of employees. : Accounts ppt ch-2 Page 2 of 6  Types of 1.Internal: Amount has to pay to Liabilities owner. 2.External:Amount has to psy to outsiders. Accounts ppt ch-2 Page 3 of 6  Types of Assets. 1.CURRENT 2.NON-CURRENT i.Tangible ii.InTangible 3.FICTITIOUS 4.WASTING Accounts ppt ch-2 Page 4 of 6  Types of Discount TRADE DISCOUNT CASH DISCOUNT A discount that a A reduction of amount seller offers to a from the list price of buyer in return for the goods, which the paying a bill before trader allows to the the maturity of the customer at a given due date. rate. Accounts ppt ch-2 Page 5 of 6  Thank you Accounts ppt ch-2 Page 6 of 6