ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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PROPRIETORS DRAW Definition
PROPRIETORS DRAW is when a business proprietor draws money for personal needs, but is taxed on business results (at individuals' marginal rate) regardless of drawings.
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BACKCHARGE is to charge a person or a firm an amount of money in order to make adjustments for a previous transaction.
MATURITY is the date on which the last principal payment of a debt instrument becomes due and payable.