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Principle of Accounting II definations for final exam preparation
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CONSIGNMENT IS THE AGREEMENT BETWEEN PRINCIPLE AND AGENT, AGENT IS AGREE TO COLLECT, STORE AND SELL GOOD AND GAIN COMMISION...
What is deperciation ?
Deperciation is the gradual decrease in the effciency of an asset due to its wear & tear and daily uses.
Q. What is Amortization?
Ans: Decrease in the value of intangible asset is called amortization, e.g copy right,goodwill etc
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