ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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TRACEABLE, in accounting, is to discover by going backward over the transactions (evidence) step by step establishing a "paper-trail" for a transaction. Non-traceable is where the "paper-trail" of a transaction is broken or non-existent.
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MARGINAL TAX RATE is the top rate of income tax that is charged to individuals on their earnings.
MARKUP is the amount added to the cost of goods in order to produce the desired profit.