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VAT that is paid to the supplier from the hands of the customer buying the goods or services.
debt that the business incurs and that is payable in the short or long term.
final account used to find the gross profit or loss the business has made from trading.
(also called refer to drawer) term the bank uses to mark and return cheques that they can't pay...
(also called profit margin) the percentage the business adds to the cost price in order to reach...