Knockdown Cost
Knockdown cost refers to the total landed cost of goods received in an unassembled form, including purchase price, freight, insurance, and duties. Itβs often used in import accounting to calculate the full cost before assembly or resale.
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Kickoff Balance
A kickoff balance is the initial balance used when setting up a new accounting system or beginning a new financial…
Knowledge Process Outsourcing (KPO)
KPO involves outsourcing high-end analytical or financial services such as valuation, financial modeling, and risk management. In accounting, KPO providers…
Known Liability
A known liability is an obligation that is certain in amount and due date, such as wages payable, accounts payable,…
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