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entry in the right-hand side of an accounting record using the double entry principle. A credit entry decreases an asset or expense account and increases capital, liability or a revenue account.
(also called the cost price method) a method of calculating depreciation where the depreciation...
First In First Out method whereby stock is issued in the order it is received.
(also called a book of final entry) book that uses the double entry principle of accounting for...
VAT that is paid to the supplier from the hands of the customer buying the goods or services....