Conservatism Principle
An accounting concept requiring that potential losses be recognised immediately, but gains only when realised. It ensures financial statements are not overstated, maintaining reliability and prudence in reporting.
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Capital
Capital refers to the funds or assets invested in a business by its owners or shareholders. It includes both cash…
Controlling Interest
Controlling interest in the ownership of more than 50% of a company’s voting shares, giving the holder authority to make…
Contribution Margin
The difference between sales revenue and variable costs. It shows how much income is available to cover fixed costs and…
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