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Fixed costs remain constant during the production process and do not depend on the number of...
method for calculating depreciation whereby a fixed amount or percentage of the cost price is...
important principles set out in GAAP. These include business entity concept, going concern...
GAAP stands for Generally Accepted Accounting Principles.
ratio comparing some form of owner's equity (or capital) to borrowed funds.
subsidiary journal used to record transactions that cannot be recorded in any other journal
the main ledger containing all the accounts of the business set out in T-format