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The accounting term "on hand" refers to the amount of a resource, such as cash, inventory, or supplies, that is physically available and ready for use at any given time. It indicates the current stock or balance of an asset that a company possesses. This term is essential for financial reporting and inventory management, as it helps businesses assess their liquidity and operational capacity.
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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.
What is mean of debit?
A bookkeeping and accounting term, indicating an entry made in the left hand column of the ledger. Debit is the opposite of credit. In common use the phrase 'debit my account' is an instruction to charge a sum of money against the account.
What do you mean by the term Accounting?
It means keeping track of money; money coming in, money going out, where the money is and what it is being used for.
What is the term for a left-hand ledger entry?
The term for a left-hand ledger entry is "debit." In accounting, a debit increases asset or expense accounts and decreases liability, revenue, or equity accounts. It is recorded on the left side of a ledger or journal entry, while the corresponding right-hand entry is called a "credit."
What is musical term of Dal Segno mean?
It means right hand
Explan the term accounting cycle why is it called cycle?
accounting is the systematic representation
