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Mathematics
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Mathematics
Financial Management (Part 2)
Mathematics
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Financial Management (Part 2)
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Invoice
A record of goods or services supplied to customers and amounts to be paid by them.
Asset
what is being owned such as cash and property
Liability
Financial Responsibility or Debt
Interest
Money earned from the savings in the bank
Formula calculation of interest value
Interest value = interest rate x savings
Service tax
Tax needed to be paid on the services provided by certain businesses such as hotels and fast food restaurants
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Financial Management (Part 2)
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