freight, loading and unloading expenses incurred on the purchase of goods then these expenses will be booked under cartage inward expenses.

freight, loading and unloading expenses are incurred on the sale of goods then these expenses will be booked under cartage outward expenses

Focuses on a child's ability to be able to think and understand.

Association between two variables. For example; Environment and Cognitive.

is money owed by a business to its suppliers shown as a liability on a company's balance sheet. Creditors are also known as Accounts Payables or Payables.

Include cash, cash equivalents, short-term investments, account receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. On a balance sheet , assets will typically be classified into current assets and long term assets.

An asset is considered to be current when it satisfies any of the following:

• It is expected to be realised in, or is intended for sale or consumption in, the entity's normal operating cycle;
• It is held primarily for the purpose of being traded
• It is expected to be realised within twelve months after the balance sheet date
• It is cash or a cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the balance sheet date.

Examples areaccounts receivable (a debtor - accounts receivable - owes money to the business), inventories and cash at bank. All other assets shall be classified as non-current.

A company's debts or obligations that are due within one year. These are bills that are due to creditors and suppliers within a short period of time (one year).

Current liabilities appear on the company's balance sheet and include short term debt, accounts payable, accrued liabilities and other debts.