ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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EXTINGUISHMENT OF DEBT Definition
EXTINGUISHMENT OF DEBT is the debtors satisfaction of the obligation to a creditor, either legally or in-substance. A debt shall be accounted for as having been extinguished in a number of circumstances, including when it has been settled through repayment or replacement by another liability.
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TILL ROLL is a roll of paper on which the separate amounts of money paid for goods are recorded in a retail shops cash register.
DEFERRED REVENUE EXPENDITURE see DEFERRED EXPENDITURE.