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10 cards from this deck
Cost price (amount business paid for goods)
Records all inventory movements using perpetual inventory system
Summary accounts in General Ledger showing total debtors/creditors
Debit balance (asset - money owed to business)
Credit balance (liability - money business owes)
Comparing control account with subsidiary ledger totals to match
Increases in stock (purchases, returns from customers)
Decreases in stock (cost of sales, drawings, donations)
Post double the amount to correct
Cheque returned by bank because it couldn't be honoured
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