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system where the business pays the VAT to SARS only after it receives the money.
loss of value of tangible assets, such as vehicles and equipment due to usage in the business;...
GAAP principle that means that a business entity is independent an exists as a separate entity,...
the relative value of a transaction. Auditors decide on a certain amount for transactions for an...
nominal account used in the General Ledger of companies, close corporations and partnerships to...
(also called direct cost, direct expense or prime cost) expense linked directly to the...