ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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REVALUATION RESERVE Definition
REVALUATION RESERVE see ASSET REVALUATION RESERVE.
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CONTROL POLICIES AND PROCEDURES are the policies and procedures that help ensure management directives are carried out. Those pertinent to an audit include performance reviews, information processing, physical controls and segregation of duties.
DEDUCTION is the act of deducting; subtraction. It is an amount that is or may be deducted, e.g. tax deductions.