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Definition of these terms Prepaid expenses Prepaid income Profit prior to a corporation Redemption Retention money Revenue receipt Non current liabilities Non cash items Mutual funds Merger Ordinary share Share forfiture Revenue statement Royalty Normal loss Fluctuating capital Intrinsic value Bill of lading?
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Definition of these terms Prepaid expenses Prepaid income Profit prior...
Prepaid expenses:
- Definition: Prepaid expenses refer to expenses that have been paid in advance but have not yet been incurred.
- Example: Rent paid in advance for the upcoming months.
Prepaid income:
- Definition: Prepaid income refers to income that has been received in advance but has not yet been earned.
- Example: Subscription fees paid in advance for a magazine.
Profit prior to a corporation:
- Definition: Profit earned by a business before it is incorporated as a legal entity.
Redemption:
- Definition: The act of buying back or repurchasing something that was previously sold or issued.
Retention money:
- Definition: Money held back by a customer from a contractor until the work is completed to their satisfaction.
Revenue receipt:
- Definition: A receipt received for the sale of goods or services.
Non-current liabilities:
- Definition: Debts or obligations that are not due within the current accounting period.
Non-cash items:
- Definition: Items that are not physical cash but can be used to generate cash in the future, such as investments or accounts receivable.
Mutual funds:
- Definition: An investment vehicle that pools money from multiple investors to invest in a diversified portfolio of securities.
Merger:
- Definition: The combining of two or more companies into a single entity.
Ordinary share:
- Definition: A share that represents ownership in a company and entitles the shareholder to a portion of the company's profits.
Share forfeiture:
- Definition: The cancellation of a shareholder's shares due to non-payment of calls or other breaches of the company's rules.
Revenue statement:
- Definition: A financial statement that shows the revenue earned and expenses incurred by a company during a particular accounting period.
Royalty:
- Definition: A payment made by one party to another for the use of intellectual property, such as a patent or copyright.
Normal loss:
- Definition: Losses that are expected to occur as a result of the production process, such as waste or spoilage.
Fluctuating capital:
- Definition: Capital that varies in value over time, such as investments or accounts receivable.
Intrinsic value:
- Definition: The true value of an asset based on its underlying characteristics and future earning potential.
Bill of lading:
- Definition: A document that serves as a receipt of goods shipped by a carrier and as a contract between the shipper and the carrier for the transportation of those goods.
- Definition: Prepaid expenses refer to expenses that have been paid in advance but have not yet been incurred.
- Example: Rent paid in advance for the upcoming months.
Prepaid income:
- Definition: Prepaid income refers to income that has been received in advance but has not yet been earned.
- Example: Subscription fees paid in advance for a magazine.
Profit prior to a corporation:
- Definition: Profit earned by a business before it is incorporated as a legal entity.
Redemption:
- Definition: The act of buying back or repurchasing something that was previously sold or issued.
Retention money:
- Definition: Money held back by a customer from a contractor until the work is completed to their satisfaction.
Revenue receipt:
- Definition: A receipt received for the sale of goods or services.
Non-current liabilities:
- Definition: Debts or obligations that are not due within the current accounting period.
Non-cash items:
- Definition: Items that are not physical cash but can be used to generate cash in the future, such as investments or accounts receivable.
Mutual funds:
- Definition: An investment vehicle that pools money from multiple investors to invest in a diversified portfolio of securities.
Merger:
- Definition: The combining of two or more companies into a single entity.
Ordinary share:
- Definition: A share that represents ownership in a company and entitles the shareholder to a portion of the company's profits.
Share forfeiture:
- Definition: The cancellation of a shareholder's shares due to non-payment of calls or other breaches of the company's rules.
Revenue statement:
- Definition: A financial statement that shows the revenue earned and expenses incurred by a company during a particular accounting period.
Royalty:
- Definition: A payment made by one party to another for the use of intellectual property, such as a patent or copyright.
Normal loss:
- Definition: Losses that are expected to occur as a result of the production process, such as waste or spoilage.
Fluctuating capital:
- Definition: Capital that varies in value over time, such as investments or accounts receivable.
Intrinsic value:
- Definition: The true value of an asset based on its underlying characteristics and future earning potential.
Bill of lading:
- Definition: A document that serves as a receipt of goods shipped by a carrier and as a contract between the shipper and the carrier for the transportation of those goods.
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Definition of these terms Prepaid expenses Prepaid income Profit prior to a corporation Redemption Retention money Revenue receipt Non current liabilities Non cash items Mutual funds Merger Ordinary share Share forfiture Revenue statement Royalty Normal loss Fluctuating capital Intrinsic value Bill of lading?
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Definition of these terms Prepaid expenses Prepaid income Profit prior to a corporation Redemption Retention money Revenue receipt Non current liabilities Non cash items Mutual funds Merger Ordinary share Share forfiture Revenue statement Royalty Normal loss Fluctuating capital Intrinsic value Bill of lading? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Definition of these terms Prepaid expenses Prepaid income Profit prior to a corporation Redemption Retention money Revenue receipt Non current liabilities Non cash items Mutual funds Merger Ordinary share Share forfiture Revenue statement Royalty Normal loss Fluctuating capital Intrinsic value Bill of lading? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Definition of these terms Prepaid expenses Prepaid income Profit prior to a corporation Redemption Retention money Revenue receipt Non current liabilities Non cash items Mutual funds Merger Ordinary share Share forfiture Revenue statement Royalty Normal loss Fluctuating capital Intrinsic value Bill of lading?.
Definition of these terms Prepaid expenses Prepaid income Profit prior to a corporation Redemption Retention money Revenue receipt Non current liabilities Non cash items Mutual funds Merger Ordinary share Share forfiture Revenue statement Royalty Normal loss Fluctuating capital Intrinsic value Bill of lading? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Definition of these terms Prepaid expenses Prepaid income Profit prior to a corporation Redemption Retention money Revenue receipt Non current liabilities Non cash items Mutual funds Merger Ordinary share Share forfiture Revenue statement Royalty Normal loss Fluctuating capital Intrinsic value Bill of lading? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Definition of these terms Prepaid expenses Prepaid income Profit prior to a corporation Redemption Retention money Revenue receipt Non current liabilities Non cash items Mutual funds Merger Ordinary share Share forfiture Revenue statement Royalty Normal loss Fluctuating capital Intrinsic value Bill of lading?.
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