DEPRECIATION REVERSAL Definition

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DEPRECIATION REVERSAL is the reversal of a depreciaton amount in the depreciation reserve account.

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MATERIAL MISSTATEMENT is accidental or intentional untrue financial statement information that influences a companys value or price of stock.

SALES TURNOVER is the total amount sold within a stipulated time period, usually 12 months. Sales turnover is usually expressed in monetary terms but can also be in total units of stock or products sold.

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