Accounting

All ..... increase with a debit entry and decrease with a credit entry.

..... accounts are accounts for your sources of business-generated income.

..... budgeting is a form of forecasted cost accounting for long-term projects or expenditures.

It also measures the ..... of managers and departments in the company.

Good accounting systems allow users to run informal reports such as ..... accounts receivable or to keep track of inventory.

Their objective is to give investors and other stakeholders a reliable and as accurate as possible picture of the financial situation of the economic entity (group); the guiding principle is '.....'.

Taxation rules are used to determine taxable profits, and their objective is to define the tax liability of enterprises to the ......

Taxation rules for companies are usually designed to preserve economic neutrality, so that business decisions are not ..... influenced by fiscal measures.

Questions about the believability of an entity's financial reporting are likely where the differences highlight how one approach ..... poor financial performance, lack of profitability, or deteriorating asset quality.

..... Depreciation represents the expense related to the fixed assets still carried on the books of the company; sometimes the term 'reserve for depreciation' is used.