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final account that shows all other income and expense accounts.
(also called perpetual inventory system) inventory system where an on-going record is kept of...
monthly statement compiled by the business to reconcile the cash journals with the Bank...
tax levied by the government on certain goods and services. See input VAT and output VAT
(also called informal bookkeeping) a casual operation where few records are kept of income,...
(also called a ledger) a book that uses the double entry principle of accounting for separate...