Name one item which Restaurant Nuevo Ltd might include under each of the following:
(i) Receipts section
(ii) Payments section - Leaving Cert Business - Question A - 2017
Question A
Name one item which Restaurant Nuevo Ltd might include under each of the following:
(i) Receipts section
(ii) Payments section
Worked Solution & Example Answer:Name one item which Restaurant Nuevo Ltd might include under each of the following:
(i) Receipts section
(ii) Payments section - Leaving Cert Business - Question A - 2017
Step 1
(i) Receipts section
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Answer
One item that Restaurant Nuevo Ltd might include under the Receipts section is 'Cash Sales'. This represents the revenue generated from food and beverage sales paid in cash by customers.
Step 2
(ii) Payments section
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Answer
One item that Restaurant Nuevo Ltd might include under the Payments section is 'Wages'. This reflects the salaries paid to both full-time and part-time staff for their services.
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