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Subject
ISBN
Components of published financial statements are the report of the...
Accounting
Grade 12
Type: Study Card

Components of published financial statements are the report of the independent auditors, the...

confidentiality
Accounting
Type: Glossary

respect for privacy or ability to keep information private (confidential)

consumable stores
Accounting
Type: Glossary

items that are bought, used and replaced

consumer
Accounting
Type: Glossary

end purchaser who buys goods and services

continuous inventory system
Accounting
Type: Glossary

(also called perpetual inventory system) inventory system where an on-going record is kept of...

contra account
Accounting
Type: Glossary

account that offsets another account: debit the one and credit the other.

control accounts
Accounting
Type: Glossary

accounts in the General Ledger that contain the credit and debit totals of other accounts.

corrective control measure
Accounting
Type: Glossary

internal control measure applied by correcting the effects of undesired events.

cost
Accounting
Type: Glossary

(also called expense) money that the business spends

cost price
Accounting
Type: Glossary

the amount it cost to produce an item, without any profit to the producer

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