Depleted Cost
The value reduction of natural resources like minerals, oil, or timber as they are extracted and sold. It’s similar to depreciation but specific to depletable assets. Depletion expenses are recorded to reflect the diminishing supply and value over time.
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Div 7A Loan
A loan or advance made by a private company to a shareholder or associate under Division 7A of the ITAA…
Deferred Tax Liability
An amount owed in future tax payments arising from temporary differences between book income (per GAAP) and taxable income (per…
Departmental Accounting
Departmental accounting tracks income, expenses, and profitability separately for individual departments within an organisation. It helps management evaluate performance at…
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