ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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ACCRUED PAYROLL Definition
ACCRUED PAYROLL is a liability arising from employees salary expense that has been incurred but not paid.
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CREDIT LINE is the maximum credit that a customer is allowed.
COST OF CONTROL (COC) is the amount paid by a holding company, sometimes at a premium, for shares in its subsidiary company over and above the value they would command as an investment, in recognition of the particular benefit, which the company gains through control.