Glossary

Reset Glossary
cost

Subject: 

  • Accounting

(also called expense) money that the business spends

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labour expense
Subject:
Accounting

all factory wages that are directly linked to the finished product.

preventative control measure
Subject:
Accounting

internal control measure applied by preventing undesired events from taking place.

remuneration
Subject:
Accounting

payment or compensation received for work done

debit note
Subject:
Accounting

note issued to creditors when items are returned or allowance is granted.

tax invoice
Subject:
Accounting

document containing details of goods purchased or services provided and including the VAT amount...