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ability to turn an asset into cash without losing its value.
a deduction from the value of an invoice by a seller to cover damages or shortages
expense for labour used, e.g. cleaning services, supervision, security, maintenance and quality...
tax levied by the government on certain goods and services. See input VAT and output VAT
(also called accounting period, financial year or financial period) specific period used for...
GAAP principle that means that the business records assets that it purchases at cost less...