Temporary Account
Temporary accounts track financial activity for a specific period and are closed at period-end. Examples include revenue, expense, and dividend accounts. Their balances are transferred to permanent accounts (like retained earnings) during the closing process, resetting them to zero for the next accounting period.
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Throughput
Throughput represents the rate at which a company generates revenue through sales after deducting direct material costs. It is commonly…
Tax Sheild
A tax shield refers to the reduction in taxable income achieved through allowable deductions such as depreciation, interest expense, or…
Transaction Costs
Transaction costs are expenses incurred when buying or selling assets or conducting financial deals. These may include brokerage fees, legal…
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