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any possession of the business, usually in the form of land, buildings, vehicles and equipment.
internal control measure applied by making sure that accounting data is kept properly in order...
person or other business that owes the business money for goods sold or services provided.
Trial Balance showing balances in the General Ledger of the Balance Sheet accounts section after...
monthly statement compiled by the business to reconcile the cash journals with the Bank...
important principles set out in GAAP. These include business entity concept, going concern...