ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
IMPAIRMENT OF VALUE Definition
IMPAIRMENT OF VALUE is the permanent decline in the value of an asset. The entry is to debit the loss account and credit the asset for the loss in utility. See also FRS 11.
Learn new Accounting Terms
KIKIN, in Japan, is a capital foundation fund.
MATCHING, in accounting, is the matching of invoices to purchase orders and delivery notes prior to payment.