Accounts - Principles of Accounts

expenses or losses

gains or income

physical tangible items

fictitious items

current liabilities

does not exist

is too costly

is worthless

cannot be sold for cash

is bought on credit

Bolaji Account

Drawings Account

P.Z. Plc Account

Cash Account

Acada Club Account?

an expense of business to be paid for in cash

an amount of loss from trading activities

a loss in value of all business assets

an expense the amount of which is not certain

an amount set out of profit for other uses

Trading Account item

Profit and Loss Account item

Appropriation Account item

Receipts and Payments Account item

Balance Sheet item.