Fill in the Blanks Accounts TerminologyOnline version Fill in the blanks in the descriptions set by Kerry Louth 1 CAPITAL SUPPLIERS COMPETITION PROFIT SUPPLIERS LONGTERM OVERHEADS Ledger CAPITAL CASHBOOK REVENUE BANK CUSTOMERS NONCURRENT HMRC GENERAL REVENUE CUSTOMERS 1 . The gain made by a business over a period of time is called 2 . Money received from the sale of goods or services is called income . whereby money received from the sale of assets is called income . 3 . The amount of the owner's stake in a business is called . 4 . Items owed for more than 1 year is called a liability or a liability . 5 . Examples of five stakeholders are , , , , . ( Put in alphabetical order ) 6 . A DIRECT expense relates to an expense directly linked with the producing of goods or sale of goods or services . 7 . The day to day running costs of a business are called or expenses . 8 . The ledger relating to payments and receipts is called the . 9 . Nominal Ledger is also known as the 10 . The sales ledger deals with and the purchase ledger deals with .
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