Sage Computerised Accounting - Qp8
5 Questions
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By Jacksonmatthews | Updated: Mar 21, 2022
| Attempts: 180

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1.
Current assets are items that belong to the business but will be used up within 12 months (stock, debtors, bank).
2.
Fixed Assets and Depreciation is indicated with a nominal code 1000-1999.
3.
Purchases are indicated with a nominal code 5000-5999.
4.
Capital is the money invested by the owner and kept in the business.
5.
Suspense and mispostings are indicated with a nominal code of 8000-8999.
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