ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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OUTPUT VAT Definition
OUTPUT VAT is VAT on a companys sales. See also VALUE ADDED TAX (VAT).
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OPEN ACCOUNT is a non-guaranteed payment arrangement, e.g. similar to department store credit. Goods are purchased and delivered without payment. Future payment for delivered goods is dependent on the good faith of the purchaser.
DINAR (DINARA) is a currency of: Algeria, Bahrain, Bosnia & Herzegovina, Croatia, Iraq, Jordan, Kuwait, Libya, Serbia, Sudan, Tunisia, and Yugoslavia.