Glossary

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non-profit organisation

Subject: 

  • Accounting

organisation that renders a service to members

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historical concept
Subject:
Accounting

GAAP principle that means that the business records assets that it purchases at cost less...

current
Subject:
Accounting

belonging to the present time

cheque
Subject:
Accounting

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

semi-variable cost
Subject:
Accounting

cost that consists of both fixed and variable costs.

directors report
Subject:
Accounting

a report to the shareholders of a company, compiled by the directors, on the state of the...