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depreciation calculated from the first day of the financial year up to the date of the sale of the asset.
(also called inventory or trading stock) all the goods or merchandise kept on hand (on the...
financial statement of sales, expenses and net profit over a fixed period of time.
(also called book of first entry, journal or subsidiary book) book in which the business...
GAAP principle that means that the business takes into account income and costs incurred in the...