Direct Cost
An expense that can be traced directly to a specific product, job, or department like raw materials or direct labor. Unlike indirect costs, direct costs vary with production volume and are essential for calculating product-level profitability and pricing.
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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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