Technical terms
A deductible is the amount of money an individual pays for expenses before his insurance plan starts to pay. The word "deductible" can also work a...
Describes the cost of using an asset over a period of time (when it’s useful to the business). Calculated by using two methods; straight line depreciation, ...
The chance that an auditor will not find material misstatements relating to an assertion in an entity's financial statements through substantive tests a...
Policy taken by the central bank to increase and decrease the money circulation by raising or lowering bank rates.
Opposite of an investment, and is the process of selling an asset for either financial, social, or political goals.
A distribution of a portion of a company's earnings, decided by the board of directors, paid to a class of its shareholders. Dividends can be issued as ...
The country that a person treats as their permanent home, or lives in and has a substantial connection with.
The cash book having two amount columns on both sides is called a double column cash book or two column Cash Book.