Deferred Income Tax
A tax liability or asset that arises due to differences between accounting income and taxable income. These timing differences create temporary gaps, such as depreciation methods. Deferred tax helps businesses match tax expense with accounting periods more accurately.
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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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