ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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PAYOUT RATIO Definition

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PAYOUT RATIO is dividends paid divided by company earnings over some period of time, expressed as a percentage.

 

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CLOSING ACCOUNT is the determining the balance of an account and posting an entry to offset such balance.

KAIZEN COSTING means "improvements in small steps" (i.e., continuous improvement). It was developed in Japan by Yashuhiro Monden. Kaizen Costing is applied to product that it already under production.


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