What does expendable mean in accounting terminology?

Burnice Champlin asked a question: What does expendable mean in accounting terminology?
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Date created: Sat, Jun 19, 2021 1:23 PM

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💰 What does expendable mean in accounting definition?

Definition of expendable in the Definitions.net dictionary. Meaning of expendable. Information and translations of expendable in the most comprehensive dictionary definitions resource on the web.

💰 What does expendable mean in accounting practice?

expendable definition: 1. If someone or something is expendable, people can do something or deal with a situation without…. Learn more.

💰 What does expendable mean in accounting rules?

expendable item. Component or part (such as bolt, nut, rivet) for which (1) no authorized repair procedure exists, and/or (2) the cost of repair would exceed cost of its replacement. Expendable items are usually considered to be consumed when issued and are not recorded as returnable inventory. Also Know, what is durable property?

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Expendable definition, capable of being expended. See more. We could talk until we're blue in the face about this quiz on words for the color "blue," but we think you should take the quiz and find out if you're a whiz at these colorful ...

Glossary of Common Procurement Terms. The act of accepting by an authorized representative; an indication of a willingness to pay; the assumption of a legal obligation by a party to the terms and conditions of a contract. The act of acquiring goods and services (including construction) for the use of a governmental activity through purchase ...

expendable property. Property that is expended or consumed in use. It includes raw and processed materials, supplies, small tools, etc. external users. External users are entities or persons over whom The University of Texas at ...

Definition of expendable in the Definitions.net dictionary. Meaning of expendable. What does expendable mean? Information and translations of expendable in the most comprehensive dictionary definitions resource on the web.

expendable definition: 1. If someone or something is expendable, people can do something or deal with a situation without…. Learn more. A collection of various interchangeable and expendable gizmos, the house included inflatable beds and chairs that doubled as hovercrafts and multi-purpose robots that could distinguish between flavours of canned soup.

An accountants' report does not result from the performance of an AUDIT. Accounting Recording and reporting of financial transactions, including the origination of the transaction, its recognition, processing, and summarization in.

It seems every industry has its own secret language. And knowing the lingo is an entry-point into the inner circle—an indicator that you truly belong. So if you’re starting to think about pursuing a career in accounting, your first step is to familiarize yourself with some of the basic accounting terms, acronyms and abbreviations in the field.

Glossary of Selected Governmental Accounting and Financial Terminology Page 2 specified. Appropriations are made by the State Legislature in the annual Budget Act and in other legislation. Legislation can provide for continuing

expendable item. Component or part (such as bolt, nut, rivet) for which (1) no authorized repair procedure exists, and/or (2) the cost of repair would exceed cost of its replacement. Expendable items are usually considered to be consumed when issued and are not recorded as returnable inventory. Also Know, what is durable property?

FBMS Acronyms and Terms Glossary FBMS Acronym and Terms Glossary Page 4 of 76 05/25/2012 1. Introduction This document is the official reference guide for FBMS and FBMS-related terminology. The

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What does abo mean in accounting terminology?

This accounting terminology guide may assist prospective students in deciding whether to pursue a degree in accounting, or even just take an intro to accounting class. Accounting majors can use this dictionary as a supplemental resource and study guide while completing accounting coursework. For example, a student who takes an accounting course and encounters an unfamiliar acronym can consult ...

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What does acb mean in accounting terminology?

An adjusted cost base (ACB) is an income tax term that refers to the change in an asset's book value resulting from improvements, new purchases, sales, payouts, or other factors. An adjusted cost...

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What does accretive mean in accounting terminology?

Accretive is the process of accretion, which is growth or increase by gradual addition, in finance and general nomenclature. An acquisition is considered accretive if it adds to the item's value ...

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What does acp mean in accounting terminology?

Accounting ACP abbreviation meaning defined here. What does ACP stand for in Accounting? Get the top ACP abbreviation related to Accounting.

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What does adele mean in accounting terminology?

Verb To open communication with someone out of the blue, usually with a phone call, and usually an ex. This is sometimes associated with feelings of guilt or curiosity.

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What does adi mean in accounting terminology?

Accounting ADI abbreviation meaning defined here. What does ADI stand for in Accounting? Get the top ADI abbreviation related to Accounting.

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What does adverse mean in accounting terminology?

adverse. adj. clearly contrary, such as an adverse party being the one suing you. An adverse interest in real property is a claim against the property, such as an easement. Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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What does advisory mean in accounting terminology?

A financial advisor provides financial advice or guidance to customers for compensation. Financial advisors (sometimes spelled as advisers) can provide many different services, such as investment...

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What does aer mean in accounting terminology?

However, the AER on the monthly account is 6.29%, as opposed to an AER of 6.25% on the account with annual interest payments. Therefore, Bank A would have an annual equivalent rate of 3.7%, or (1 ...

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What does affo mean in accounting terminology?

Funds From Operations Per Share (FFOPS) Definition Funds from operations per share (FFOPS) captures the profit growth of real estate investment trusts (REITs), similar to earnings per share of ...

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What does afr mean in accounting terminology?

The applicable federal rate (AFR) is the minimum interest rate that the Internal Revenue Service (IRS) allows for private loans. Each month the IRS publishes a set of interest rates that the agency...

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What does aicpa mean in accounting terminology?

American Institute of Certified Public Accountants (AICPA) National professional membership organization that represents practicing CERTIFIED PUBLIC ACCOUNTANTS (CPAs). The AICPA establishes ethical and auditing standards as well as standards for other services performed by its members.

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What does amenities mean in accounting terminology?

What does amenities mean? The definition of amenities are elements of comfort and convenience, most often in reference to a house, vehicle, resort... The new nationalism of 1848 did not deprive the Jews of political rights, but it ...

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What does amortization mean in accounting terminology?

Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.

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What does analyst mean in accounting terminology?

It seems every industry has its own secret language. And knowing the lingo is an entry-point into the inner circle—an indicator that you truly belong. So if you’re starting to think about pursuing a career in accounting, your first step is to familiarize yourself with some of the basic accounting terms, acronyms and abbreviations in the field.

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What does and mean in accounting terminology?

The providing of various accounting or data-processing services by an accountant, the output of which is in the form of financial statements ostensibly to be used solely for internal management purposes.

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What does annual mean in accounting terminology?

Accounts receivable (AR) definition: The amount of money owed by customers or clients to a business after goods or services have been delivered and/or used. 2.

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What does annually mean in accounting terminology?

"Annum" is the Latin word for "year". "Per annum" means: By the year; annually; yearly. This term is mostly used in banking in reference to a sum of money paid or received. For example, $100 at5% interest per annum is $100 (1 + .05) = $105.

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What does apc mean in accounting terminology?

APC also stands for: A perfect Choice A Perfect Circle A Professional Corporation Ableton Performance Controller Absolute Phagocyte Count... and 174 more » Nearby & related abbreviations: APBN APBNN APBO APBS APBT

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What does appreciate mean in accounting terminology?

Accounting: The act of entering and sorting financial data into the bookkeeping system used by the company or accountant. Accounting period: The time during which the business’ financial information is being tracked, usually done on a monthly basis.

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What does appropriation mean in accounting terminology?

An appropriation is a directive to spend funds in a particular way and within a restricted period of time. Thus, an appropriation controls the expenditure of funds. Appropriations are most commonly used by governments, where there is usually a limited amount of revenue , so great care must be taken to control expenditures.

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What does assumption mean in accounting terminology?

Accounting assumptions can be defined as a set of rules that ensures the business operations of an organization and are conducted efficiently and as per the standards defined by the FASB (Financial Accounting Standards Board) which ultimately helps in laying the groundwork for consistent, reliable and valuable information and it is based entirely on the fundamentals like accrual, consistency, reliability and objectivity, monetary unit assumption, business entity assumption, time period ...

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