QUESTION 1 Fit the word/term/concept in COLUMN B to the description in COLUMN A. Write only the letter of the correct answer on the answer sheet. No. 1.1 1.2 1.3 COLUMNA This amount of money can be seen as a loan from the owner to the business. It is needed to start with the business enterprise. Customers who buy on credit or receive services on credit from the business enterprise and who will pay at the end of the month. Other businesses from whom the business enterprise buys on credit and who will be paid at a later stage. The amount when expenses are deducted from Gross Income (or Current Income). Books which are also called books of first entry or subsidiary books. COLUMN B A Creditors B. Drawings C. Capital D. Bank E. Journals F. Manufacturers G. Net Income H. Debtors I. Loss J. Ledgers 151 1.4 1.5