ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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REAL, dependent upon usage, means either 1. in economics, refers to measures such as cost, price and income, which are corrected for inflation over time in order to permit a comparison of actual purchasing power; or, 2. actual cost, as opposed to nominal.
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940 FORM is the U.S. IRS Employers Annual Payroll Tax form.
EFFECTIVENESS is producing a desired outcome. An audit procedure is effective if the evidence supports a correct conclusion.