Depreciation Expense
Depreciation is the periodic allocation of an asset’s cost over its useful life. It appears on the income statement and reduces taxable income. It doesn’t involve actual cash outflow but ensures expenses match the revenue generated by the asset each year.
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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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