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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Debentures
Debenture is a type of long-term debt instrument issued by companies to raise capital, typically backed by the issuer’s creditworthiness…
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…
Direct Overhead
Overhead costs that can be directly tied to a production process but not to a specific product unit such as…
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