ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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AGGREGATE THEORY Definition
AGGREGATE THEORY is a theory of partnership taxation in which a partnership is considered as an aggregate of individual co-owners who have bound themselves together with the intention of sharing gains and loses; under this theory, the partnership itself has no existence separate and apart from its members.
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UNDERBUDGETED is a line item within a budget to where the budgeted amount is not sufficient to cover the actual amount.
TRANSFER PRICE is the price charged by an individual entity in a multi-entity corporation on transactions among the entities involved.