The ledger

Business studies study module

This is a special ledger which is used to record cash and cheque transactions. It contains only the cash in hand and cash at bank (i.e. cash and bank) accounts Nominal ledger This ledger is used to record business expenses Read More …

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Circular flow of income

Business studies study module

This is the continuous movement of income between the households (providers of factors of production) and the firms (producers of goods and services). The factors of production are received from households. The firms pay the rewards of such factors to Read More …

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