Bills (Grade 12 NSC Matric Mathematical Literacy): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
What are bills?
What are bills?
Official documents showing amounts owed for services/utilities
What are municipal bills?
What are municipal bills?
Invoices from local councils for essential services
Define arrears
Define arrears
Overdue amounts from missed previous payments
What does kWh measure?
What does kWh measure?
Electricity usage in kilowatt hours
VAT rate on services in SA
VAT rate on services in SA
14%
VAT calculation formula
VAT calculation formula
What is a due date?
What is a due date?
Payment deadline to avoid penalties
What are credits on bills?
What are credits on bills?
Negative amounts from overpayments or refunds
Contract vs prepaid accounts
Contract vs prepaid accounts
Contract: monthly billing; Prepaid: pay-in-advance
Balance brought forward
Balance brought forward
Outstanding amount from previous bills