Accounting Procedures

3. An organisation pays the supplier for items of expenditure at the time of purchase
6. A document sent by the supplier to the customer listing the goods supplied and requesting payment for these goods
8. Goods or services are paid for at the time of purchase
10. Items of value owned by an organisation
11. The customer is allowed to pay for the goods or services some time after the sale
13. The profit from sales less cost of sales
15. When an organisation earns more money than it spends
16. A person or business that owes money to an organisation

1. The amount of money paid by an organisation to purchase goods and services.
2. An organisation pays the supplier for the items of expenditure some time after making the purchase.
3. Payment for goods or services is delayed until some time after the purchase
4. A person or business to whom an organisation owes money.
5. a document sent to a supplier detailing the goods that the customer wants to purchase
7. Gross profit less expenses
8. The customer pays for goods or services at the time of the sale
9. when an organisation spends more money that it earns
12. Money owed by an organisation to other organisations, businesses and individuals
14. The amount of money received by an organisation from its sales