Deferred Expense
A cost that’s paid in advance but recognized as an expense over time, such as prepaid insurance or rent. It’s initially recorded as an asset and then expensed gradually over the benefit period, aligning cost with the period it supports.
More Items
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…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.