The term that refers to items which the business owns that will provide future benefits.

A group of people working together to accomplish a certain task.

The type of document that usually comes in the form of a booklet that gives detailed descriptions of products.

This means that a person must be truthful and give all the relevant information about the item being insured.

Taxes paid on an individual's income.

Purchases, Carriage Inwards and Utilities are all examples of?

Illustrations that show the formal structure of an organization.

The type of document that is sent from the purchaser to the supplier listing the goods that the purchaser wants to buy.

This states that a person can only insure against items that belong to them.

Taxes that landowners pay on their property.

The book of original entry used to record credit sales of goods.

Any individual, institution, group or agency which has an interest in how well a business performs.

The type of document used for the transport of goods by ship.

This states that a person will only be compensated for the risk which they insured against and nothing else closely related to it.

This is tax imposed on the value added at each stage of production and distribution.

The name given to a list which totals all debit and credit balances from the T accounts.

Any item of value which can be liquidated in order to obtain money in case a person cannot repay their debts.

The type of document used for the transport of goods by air.

This means that sometimes items cannot be replaced, therefore the insurance company may give you something else to take the place of the item you lost.

This is tax paid by the original seller of a product and passed on to the consumer in the form of higher prices.

The term used when a transaction affects both the cash and bank account.

An explanation of who is responsible for the business, what the business is intended to do, how it is going to get money to do it, and what profit it hopes to make.

The type of document used as proof of the origin of goods for international transport.

This states that a person will be restored to the position they were at before the risk took place.

These are taxes paid on a person's house and land and other property.