Technical terms
The degree to which a business or activity yields profit or financial gain.
A tax in which the tax rate increases as the taxable amount increases.
Many businesses offer PPDs to encourage customers to pay invoices promptly, e.g. a business may offer a price reduction of 5% if a customer settles an invoi...
Refers to profit or income received by virtue of owning property. The three forms of property income are rent, received from the ownership of natural resour...
When a tax rate is fixed, with no change as the taxable base amount increases or decreases. The amount of tax is in proportion to the amount subject to taxa...
Contains the individual accounts of suppliers from whom the business has made purchases on credit.
A non-profit organisation who review higher education providers to ensure students receive high quality learning.
A reasonable sum of money to be paid for services rendered or work done when the amount due is not stipulated in a legally enforceable contract.
Investigating and comparing relationships between different pieces of financial information, using information from your company’s income statement and bala...