Gross Book Value
The original cost of a fixed asset before any depreciation is deducted. It reflects the purchase price and installation costs. Gross book value is used to calculate depreciation and assess asset value trends before accounting for wear or obsolescence.
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Gain on Sale of Asset
Gain on Sale of Asset refers to the profit realised when a fixed asset is sold for more than its…
Green Accounting
Green accounting, or environmental accounting, integrates environmental costs into financial reporting. It tracks expenses and benefits related to sustainable practices,…
Gratuity
Gratuity is a statutory payment made by employers to employees as a reward for long-term service. It is typically paid…
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