Depleted Cost
The value reduction of natural resources like minerals, oil, or timber as they are extracted and sold. It’s similar to depreciation but specific to depletable assets. Depletion expenses are recorded to reflect the diminishing supply and value over time.
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Debentures
Debenture is a type of long-term debt instrument issued by companies to raise capital, typically backed by the issuer’s creditworthiness…
Draft
Draft is a written order from one party (drawer) to another (drawee) to pay a specific sum to a third…
Discount on Sales or Purchases
A reduction in the price of goods or services, either as a sales incentive (sales discount) or a reward for…
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