ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SUBSIDIARY BOOKS Definition
SUBSIDIARY BOOKS see SUBSIDIARY LEDGER.
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ACTIVITY BASED COSTING (ABC) is a costing system that identifies the various activities performed in a firm and uses multiple cost drivers (non-volume as well as the volume based cost drivers) to assign overhead costs (or indirect costs) to products. ABC recognizes the causal relationship of cost drivers with activities.
PRIME BROKERS are providers of back-office administration and stock lending for hedge funds.