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TF 5. Assets are depreciated on the basis of systemic charges to expense. 6. Accounts payable are claims held against customers and others for money,
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5. Assets are depreciated on the basis of systemic charges to expense.
6. Accounts payable are claims held against customers and others for money, goods, or services.
7. A revenue expenditure is an expenditure for the purchase or expansion of a fixed asset.
8. cost of conversion consists of production overheads and costs that are attributable to units of production
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