A cost measure that represents the direct costs of producing the goods sold by a business. For a manufacturing company,...

It stands for cost of goods sold; a cost measure that represents the direct costs of producing the goods sold...

An accounting measurement of the profits made by an entity from its ongoing core business/ activities (core operations) over a...

Gains that arise from an increase in the value of an asset that has not been sold or a decrease...

Gains that arise from an increase in the value of an asset that has not been sold or a decrease...

Gains that arise from an increase in the value of an asset that has not been sold or a decrease...

A contra account (contra equity account) that is recorded in the shareholder's equity section of the statement of financial position...

The amount/ value at which an asset is recognized after deducting any accumulated depreciation (for physical assets) / amortization (for...

The amount/ value at which an asset is recognized after deducting any accumulated depreciation (for physical assets) / amortization (for...

The short form of the accounting equation that consists of the three basic accounting elements: assets, liabilities, and equity (capital)....