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(also called book of first entry, journal or subsidiary book) book in which the business summarises daily transactions. Examples are Cash Payments Journal, Cash Receipts Journal, Creditors Journal, Debtors Journal, Petty Cash Journal, Salaries Journal, Wages Journal and General Journal.
the number of shares the company is authorised by the Registrar of Companies to issue
(also called sole trader) type of business owned and run by one individual
(also called indigenous trading) any form of business activity that it not registered, does not...
process of communicating economic information to people who have an interest in the business
GAAP principle that means that the business records assets that it purchases at cost less...