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Answer: The expression Cost and expenditure is relevant to the small business Firm or is often regarded as organization relevant time which entails the transaction pursuits.
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Solution: The percentage of income approach might be believed through the accounts which might be uncollectible and caters credit revenue of the period of time. Theoretically, this technique is based on a proportion of full profits or perhaps the sum of revenue that happen to be incurred all through a economic calendar year.
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