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GAAP principle that means that the business takes into account income and costs incurred in the same accounting period.
account that offsets another account: debit the one and credit the other.
(also called a tangible asset) item such as land, buildings, vehicles or equipment that you can...
(also called return to drawer) term the bank uses to mark and return cheques that they can't pay...
an expense for the business that is a non-cash item that is calculated annually