Draft
Draft is a written order from one party (drawer) to another (drawee) to pay a specific sum to a third party. Common in international trade and banking, drafts are used as a secure payment instrument and may require acceptance before payment is due.
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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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