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Briefly define the following terms used in accounting, in no more than 2 sentences: 1.1 Trade payables or creditors. 1.2 Purchases. (1 mark) 1.3 Credit

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Briefly define the following terms used in accounting, in no more than 2 sentences: 1.1 Trade payables or creditors. 1.2 Purchases. (1 mark) 1.3 Credit customers of a business. (1 mark) 1.4 Journal in which all credit sales are recorded. (1 mark) (1 mark)

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