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F01121B Foundation Certificate Diploma In Accounting questions with answers. $9.19   Add to cart
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F01121B Foundation Certificate Diploma In Accounting questions with answers.
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F01121B Foundation Certificate Diploma In Accounting questions with answers.

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  • September 27, 2024
  • 1
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • f01121b foundation certificate diploma in accounti

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  • CIMP - Certificate in Investment Performance Measurement
  • CIMP - Certificate in Investment Performance Measurement

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F01121B Foundation Certificate Diploma
In Accounting questions with answers.

asset ANS -Money a bussiness is owed



liability ANS -An amount owed by a business



Capital ANS -money for investment



income ANS -Earnings from sales or investment



Expenses ANS -The cost of assets consumed or services used in the process of generating revenues.



Drawings ANS -A record maintained to track money withdrawn from a business by its owners



Sales Ledger Control Account ANS -The general ledger account which controls the total amount of sales.



Purchases ledger control account ANS -The general ledger account which controls the total amount pf
purchases.



Books of prime entry(meaning) ANS -The record of all documentary transactions sent and received by
the company

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