The amount for which an asset could be replaced with another that has identical service potential (useful life, features, etc.)....
The amount for which an asset could be sold as of a given date in an arm's length transaction. Differently...
A method of accounting that records all assets at a set of value measures (asset valuation bases) such as current...
The accounting treatment of a reserve. The account (e.g., retrained earnings account) from which a reserve is being appropriated will...
A financial reporting period that constitutes a part of a full accounting year. It is a part of the current...
A part of the current accounting year that has passed away or is reportable for the time being. In many...
An account that appears on liability and owners' equity side of the statement of financial position (balance sheet) constituting appropriation...
A liability whose timing and/ or amount are uncertain (whether arising from a legal or constructive obligation). It is an...
Goods which are returned to the business (entity) by its customers for whatever reason (defective or damaged goods, different goods...
Goods which are returned to the business (entity) by its customers for whatever reason (defective or damaged goods, different goods...