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Increases in economic benefits during the accounting period in the form of
inflows or enhancements of assets
Equity
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Assets - Liabilities
Input Tax
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VAT on those goods or services received
Liabilities
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Present obligations of the entity arising from past events, the settlement of
which is expected to result in an outflow from the entity
Revenue
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Earned from the entity's ordinary activities
Output Tax
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VAT added to goods or services supplied by vendor to other persons
Non-current Assets
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