Differential Cost
The difference in total cost between two alternatives. Also called incremental cost, it helps in decision-making when comparing options like outsourcing vs. in-house production. Only costs that change between alternatives are considered, making it useful in cost-benefit analysis.
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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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