important principles set out in GAAP. These include business entity concept, going concern concept, historical cost concept, matching concept, materiality concept and prudence concept.
(also called accounting period, book year or financial year) specific period used for...
subsidiary journal used to record all items purchased on credit for the supplier.
system where the business pays the VAT to SARS only after it receives the money.
person who receives or consumes goods or services and can choose which goods and services to buy...