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(also called accounting period, book year or financial period) specific period used for calculating profit (usually 12 months)
GAAP principle that means that a business entity is independent an exists as a separate entity,...
(also called direct cost, direct expense or prime cost) expense linked directly to the...
an asset the business owns over a short term such as trading stock, debtors and cash.
person who buys large quantities of goods and resells to merchants rather than the end purchaser...
(also called deficit) amount by which a sum of money is too small (lower than expected or...