The written down replacement cost (WDRC) of an asset is its current replacement cost less accumulated depreciation. In general, this...
It stands for depreciated replacement cost; the depreciated replacement cost of an asset is the current replacement cost of the...
It stands for fair market value; the price that agreed by a buyer and a seller for a specific asset...
It stands for non-controlling interest; a stake in an entity that constitutes less than 50% of the total shares that...
It stands for fair value through other comprehensive income; the gains/ losses resulting from assets measured at fair value due...
It stands for fair value through other comprehensive income; the gains/ losses resulting from assets measured at fair value due...
It stands for investment risk reserve; a reserve that is created by an Islamic bank by appropriating a specific amount out of...
It stands for arm's length principle; a market standard that assumes a normal transaction to be one which is entered...
It stands for actual cost; broadly speaking, it is the exact amount of expense that is incurred in connection with...
An accounting method that is applied as an inventory control for the practical purpose of categorizing inventory by order of...
