Explain the 3 Aspects of the NZ Framework Definition of Income,and

question 13

Essay

Explain the 3 aspects of the NZ Framework definition of income,and relate each aspect to examples of practical recording of business transactions.

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Definitions:

Fax Machine

An electronic device used to send and receive documents over a telephone line by converting them to and from electronic bits.

Security System

A set of electronic or physical measures designed to protect a place or system against unauthorized access or harm.

Laboratory Specimens

Samples of tissue, blood, urine, or other substances used for medical testing and diagnosis.

Parallel

Occurring or existing at the same time or in a similar way; corresponding.