An expense that can be traced directly to a specific product, job, or department like raw materials or direct labor. Unlike indirect costs, direct costs vary with production volume and are essential for calculating product-level profitability and pricing.
Debenture is a type of long-term debt instrument issued by companies to raise capital, typically backed by the issuer’s creditworthiness…
Draft is a written order from one party (drawer) to another (drawee) to pay a specific sum to a third…
A reduction in the price of goods or services, either as a sales incentive (sales discount) or a reward for…
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