Financial Documents (Grade 10 NSC Matric Mathematical Literacy): Flashcards
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Financial documents
Financial documents
Written records that track money transactions
Deposit slip purpose
Deposit slip purpose
Document used to put money into bank account
Withdrawal slip purpose
Withdrawal slip purpose
Document for taking money out of bank account
Drawer on a cheque
Drawer on a cheque
Person who writes the cheque
Payee on a cheque
Payee on a cheque
Person receiving the payment
Crossed cheque features
Crossed cheque features
Has 2 parallel lines; can only be deposited into account
Invoice purpose
Invoice purpose
Seller requests payment for goods/services provided
Receipt purpose
Receipt purpose
Confirms payment received; serves as proof of payment
South Africa VAT rate
South Africa VAT rate
15%
VAT amount formula
VAT amount formula
Cost (excluding VAT) 0.15
