Welcome to Kaplan FAQs

What can we help you with today?

Technical terms

question_answer
Profitability

The degree to which a business or activity yields profit or financial gain.

Fri, 22 Mar, 2019 at 8:14 PM
question_answer
Progressive tax

A tax in which the tax rate increases as the taxable amount increases.

Fri, 22 Mar, 2019 at 8:14 PM
question_answer
Prompt payment discount (PPD)

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...

Fri, 22 Mar, 2019 at 8:14 PM
question_answer
Property income

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...

Fri, 22 Mar, 2019 at 8:14 PM
question_answer
Proportional tax

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...

Fri, 22 Mar, 2019 at 8:14 PM
question_answer
Provisions

An amount or thing supplied or provided.

Fri, 22 Mar, 2019 at 8:14 PM
question_answer
Purchase ledger

Contains the individual accounts of suppliers from whom the business has made purchases on credit.

Fri, 22 Mar, 2019 at 8:14 PM
question_answer
QAA (Quality Assurance Agency)

A non-profit organisation who review higher education providers to ensure students receive high quality learning.

Fri, 22 Mar, 2019 at 8:14 PM
question_answer
Quantum meruit

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.

Fri, 22 Mar, 2019 at 8:14 PM
question_answer
Ratio analysis

Investigating and comparing relationships between different pieces of financial information, using information from your company’s income statement and bala...

Fri, 22 Mar, 2019 at 8:14 PM