Glossary

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partnership

Subject: 

  • Accounting

legal relationship between at least two but not more than 20 people

Related Content

Creditors control account
Subject:
Accounting

account that summarises the creditors of the business.

subsidiary
Subject:
Accounting

related to or supplementary

ethics
Subject:
Accounting

moral principles or rules of behaviour for deciding what is right or wrong, or good or bad

indirect expense
Subject:
Accounting

(also called indirect cost, factory overhead cost or factory overhead expense) expense linked to...

net profit
Subject:
Accounting

profit calculated as gross product minus all operating costs not included.