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(also called book year, financial year or financial period) specific period used for calculating...
Age analysis is an important part of effective credit control. The debtor's ledger is altered to...
a deduction from the value of an invoice by a seller to cover damages or shortages
An appropriation account is a nominal account used in the general ledger of companies, close...
An asset disposal account is opened and closed on the day the asset is disposed of.
An imputed expense is an expense for the business that is a non-cash item and that is calculated...
a process of investigating and processing the financial statements to assess the performance of...
Any request from a customer to evade tax shows a lack of ethics on the part of the customer and...
nominal account used in the General Ledger of companies, close corporations and partnerships to...