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Business revision finance exam
Expenditure
Revenue
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Created by
Hugh Luton
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Cards (4)
day
to day expenses to fund the trading activities of the business.
bills
and personal inventory
Depreciation-
straight
line method, an asset
depreciates
by the same amount every year,
SL Depreciation- value of the asset-residual value/
life
of the asset,
Reducing balance method depreciation- an asset's value is
reduced
by a set percentage of the
net book value
each year,