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loss of value of tangible assets, such as vehicles and equipment due to usage in the business; depreciation indicates how much the value of an asset will decrease each year.
system allowing for the amount of petty cash per month to be decided beforehand.
(also called indirect raw material cost) expense for raw materials such as consumable stores,...
internal control measure applied by encouraging or causing a desirable event to take place.
GAAP principle that means that the business records assets that it purchases at cost less...