Deferred Income
It is also known as unearned revenue, it refers to money received for goods or services not yet delivered. It’s recorded as a liability until the service is performed or the product is delivered, at which point it’s recognized as revenue.
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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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