ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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REAL PROPERTY Definition
REAL PROPERTY is land and / or any permanent structures attached to it; to include saleable natural resources, e.g., vacant land, buildings, farms, oil, gas, timber, etc.
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GROSS WEIGHT is the weight of a shipment including packing material.
EFFECTIVENESS is producing a desired outcome. An audit procedure is effective if the evidence supports a correct conclusion.