The cash reserves that a company keeps on hand in the event of needing capital to cover future financial obligations.
(Weight of the wet article - Weight of the dry article) x 100 ÷ Weight of the dry article.
Name of the account (in the account books of a sole-proprietorship or partnership firm) which records all monies taken out of the business by the owner or partners.
Period during which an equipment or machine is not functional or cannot work. It may be due to technical failure, machine adjustment, maintenance, or non-availability of inputs such as materials, labor, power. Average downtime is usually built into the price of goods produced, to recover its cost ...
Rate at which a bill of exchange or an accounts receivable is paid (discounted) before its maturity date.
Good faith deposit made by a buyer to underline his or her commitment to complete the deal. In mortgage agreements, down payment is the difference between the purchase price of a property and the mortgage loan amount. Also called earnest money or front money.
Name given to an account that records the sums (accounts) whose collection looks uncertain. Such accounts are termed 'bad debts' and are usually written off against the profit of the firm as expense.
Original records such as checks, journal entries, invoices, memos, receipts, and vouchers that support and/or serve as proof of a business transaction.
