ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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PAYMENT ON ACCOUNT Definition
PAYMENT ON ACCOUNT see ON ACCOUNT.
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DISCRETIONARY COST can be increased or decreased at the discretion of the decision maker (e.g., advertising and business travel).
AVOIDABLE COST is the amount of expense that would not occur if a particular decision were to be implemented (e.g., if an employee is laid off at a company that is self-insured for unemployment compensation, the avoidable cost is total direct salary less payments for unemployment benefits plus savings in employee benefits).