A change in the general ledger accounts to reflect a cost that will be included in the next year.
An alternative means used to determine the deductibility of business travel expenses by employees who are reimbursed by their employers with a "per diem" allowance as opposed to reimbursement for actual expenses incurred. The expenses must still be supported by documentation that includes date, ...
Imported item or shipment value derived by the customs on the basis of the price paid by independent buyers in the importing country for similar items or goods.
Business expenses or losses which are legally permitted to be subtracted from the gross revenue of a firm in computing its taxable income.
Method of computing depreciation in which the written down or book value (purchase price - accumulated depreciation) of a capital asset is reduced by a fixed percentage rate. This method results in larger depreciation amounts in the earlier years of an asset's useful life and progressively lower ...
Amount remaining unpaid on a loan, and which decreases with every payment of the loan installment. Interest rates and other charges are computed normally on the declining balance.
Date on which a firm's board of directors announces the date and amount of next dividend payment. Once announced, the dividend becomes a legal liability that must be honored.