Glossary

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cost

Subject: 

  • Accounting

(also called expense) money that the business spends

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materiality
Subject:
Accounting

the relative value of a transaction. Auditors decide on a certain amount for transactions for an...

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Subject:
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quality of being honest

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written order to a bank to pay a stated sum from the drawer's account.

zero-based budgeting
Subject:
Accounting

budget drawn up without referring to past results.

fraud
Subject:
Accounting

crime of gaining money by trickery