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Grade 9 EMS term 3 and 4 Guide R54,00   Add to cart

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Grade 9 EMS term 3 and 4 Guide

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This document covers term 3 and term 4 aspects and concepts of grade 9 Economic and management Sciences .It has summaries , examples and exercises and links to quizzes to practice on .

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  • October 18, 2024
  • 94
  • 2024/2025
  • Class notes
  • Mr kotyi
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athidikana803
, Term 3

Lesson 1 & 2 - CREDITORS (CONCEPTS, CREDIT
Financial literacy term 3 TRANSACTIONS, SOURCE
DOCUMENTS & JOURNALS)
Lesson 3 & 4 - CREDITORS (GENERAL
LEDGER, CREDITOR ledger)

,What is a creditor?
❏ Creditors are suppliers that allow the business to take items
but only pay at a later stage.
❏ A benefit of purchasing trading stock on credit is that the
goods can be sold and received before the business has to pay
for the stock – this helps its cash flow.

, ‘When the business purchases goods,
items, or services on credit, the
person/business from whom we purchased
is known as the creditor.’



Creditors = current liability

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