ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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SKIP PERSON Definition

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SKIP PERSON is a transfer of property to a person who is in a generation below a child of the transferor, referred to as a "skip" person, typically a grandchild or great grandchild.

 

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LABOR BUDGET see DIRECT LABOR BUDGET.

HARDWARE CONTROL are computer controls built into physical equipment by the manufacturer.


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