A telephone call within a town is called ______
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Trunk
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Sudden
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Local
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Emergency
What is the term for a business's financial obligations or debts that must be paid?
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Liabilities
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Assets
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Revenue
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Equity
What is the term for the amount of money owned to a business by its customers for goods or services sold on credit?
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Payable
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Receivable
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Inventory
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Cash
What is the term for a person who writes or types out documents, letters, or other materials?
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Scribe
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Clerk
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Author
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Editor
What is the term for the payment made to the owner of capital for its use in production?
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Interest
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Rent
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Wages
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Profit
____ is the reduction in the price of goods in order to encourage costumes to buy large quantities.
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Liabilities
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Promotion
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Discount
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Loan
What business organization owe others is called?
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Assets
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Liabilities
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Loan
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Cash
Labour is rewarded with ________
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Capital
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Interest
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Wages
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Rent
______ is the hand written materials which needs to be typed in a readable way.
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Type script
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Proof feed
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Stencil
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Manuscript
Balance extracted from the ledger account are used to prepare _________
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Balance sheet
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Trading account
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Trial Balance