Debentures
Debenture is a type of long-term debt instrument issued by companies to raise capital, typically backed by the issuer’s creditworthiness rather than specific assets. Debentures pay interest to holders and are listed as liabilities. They’re often used when companies want flexible borrowing options.
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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…
Direct Overhead
Overhead costs that can be directly tied to a production process but not to a specific product unit such as…
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