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GAAP principle that means that the business takes into account income and costs incurred in the same accounting period.
(also called informal trading) any form of business activity that it not registered, does not...
subsidiary ledger in which the business records the details of the account of each debtor.
tax levied by the government on certain goods and services. See input VAT and output VAT
debt that the business incurs and that is payable in the short or long term.
to cross-check rows of figures by adding in the other direction (vertical and horizontal rows)...