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What does the accounting term MPV mean?
Material Pricing Variance
What do current liabilities mean in accounting?
Current Liabilities in accounting are amounts that are owed by a business. The two types of current liabilities are short-term and long-term liabilities.
What does the term capital assets mean in accounting?
In accounting the term capital assets refers to an asset that is usually held for the purpose of contributing to earnings for a business over a long period of time.
What does the term AAT stand for?
Association of Accounting Technicians Apart from this, it also stands for the membership of the Association.So it can also mean Associate of Accounting Technicians
What does the term non profit accounting mean?
The term "nonprofit accounting" refers to the financial record keeping of companies that qualify for tax exemptions such as Charities, Hospitals, Government Departments and Credit Unions.
What does take a default mean?
Sports- lose by not playing Accounting term- behind on payments on a loan
What does the accounting term EBITDA mean?
Earnings before interest, tax, depreciation and amortization. It means that accounting profit amount shown is after deducting all these expenses.
Explan the term accounting cycle why is it called cycle?
accounting is the systematic representation
What do you mean by equity in finance?
Equity in finance refers to the residual value of assets. The term equity can also be used in association with accounting.
What does charged off mean on a auto repossession?
It means the lender wrote off the interest they DIDNT get from the debtor. Its just an accounting term.
Who coined the term management accounting?
The term "management accounting" was popularized by the American Accounting Association (AAA) in the 1950s, although its roots can be traced back to earlier practices in accounting and business management. The AAA sought to distinguish management accounting from financial accounting, emphasizing its role in internal decision-making and operational efficiency. While no single individual is credited with coining the term, the association's efforts helped define and formalize the concept within the field of accounting.
What type of services does the company Trust Accounting offer?
The company Trust Accounting does not exist. Trust accounting is a term describing a certain type of accounting. There is special software that will aid in the trust accounting process.
