Sage Computerised Accounting - Qp7

Nominal codes 2000-2999 indicates Sales.

Miscellaneous overheads are on-going expenses of operating a business.

A debtor who does not pay their debt should be written off as a bad debt.

Fixed assets are items such as vehicles, premises and equipment that belong to the business and which depreciate.

Liabilities are debts which the customers owe.

Direct expenses are those expenses directly linked to production.