Term
| Qualitative Characteristics |
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Definition
| The qualities of the information in accounting reports |
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Term
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Definition
| Accounting methods should be applied in a consistant manner to ensure that reports are comparable between periods |
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Term
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Definition
| A source document used to verify cash received |
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Term
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Definition
| An expense incurred when debt is written off because it is deemed to be irrecoverable |
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Term
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Definition
| A cash payment made to the ATO to settle the liability that occurs when GST on sales is greater than that on purchases |
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