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Study Zone Institute

What is a trade discount and how to record it?

Trade discount

A trade discount is a reduction of the list price of products from a seller to a buyer as an incentive for future business. The trade discount is given as a percentage to deduct from the list price which is the normal selling price. In order for a buyer to …

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Classes of accounts: What are real, nominal and personal accounts?

Classes of accounts

Everything in a business has its own account which falls under one of 5 types of accounts or 3 classes of accounts. The 5 types of accounts are assets, liabilities, income, capital and expenses, also known as ALICE accounts. Each account shows details of an item from the date it …

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Group work in a classroom yays and nays

Colour pencils. Disciplined student. Group work.

Group work is an important aspect of classroom design. It involves all the activities carried out at a work place, dance academy, football club, and home. Students collaborate, communicate, assign roles, support each other, and in the end, join parts together to present a complete project. While this process has many …

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Expenses: Spending that’s direct, indirect, operating and non-operating

Expenses

Expenses are the goods, services and charges that a business incurs as it functions. It has a debit balance in the ledger accounts when it increases and a credit balance when it decreases. The cost of expenses in relation to earned income determines whether the business makes a profit or …

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Focus exercises usage in the classroom

Binoculars. Unfocused student. Focus exercises. Lack of focus.

Whether a class consists of nine-year-olds, teenagers or adults, focus exercises are very helpful. People are unfocussed for many different reasons. They may have a mental, physical or behavioural delay, problems at home or a poor diet. Some may be stressed, have Attention Deficit Disorder, a short attention span or lack …

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