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Summary Grade 8 Accounting Concepts and Accounting calculations $4.42
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Summary Grade 8 Accounting Concepts and Accounting calculations

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This is a neat, colourful document outlining and revising accounting concepts learnt in grade 8 Economics and Management Sciences. These notes also contain a helpful rhyme for remembering the main accounts in an order which becomes useful from grade 9 to 12. The notes include the main accounting ca...

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  • March 27, 2020
  • 3
  • 2017/2018
  • Summary
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Grade 8 revision




Assets
Possessions




Liabilities

Accounting Debt

The recording of financial transactions, classifying the accounts,
and reporting on the results which are then analyzed as a basis
for decision making.



1 2 3
Owner’s Equity
Owner’s investment.
NON-CURRENT CURRENT ASSETS LIABILITIES
ASSETS Debtor’s control • Capital
Creditor’s Control
Trading stock
Buildings Loan • Drawings
Bank
Vehicles (eg; Mortgage Loan)
Cash Float
Equipment
Petty Cash

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