ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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TRANSFER JOURNAL ENTRY Definition
TRANSFER JOURNAL ENTRY is used to allocate an expense or revenue from one account or sponsored project to another, or to transfer funds between object codes within an account or sponsored project. Transfers journal entries should include a description of the item(s) and explanation of why the transfer is necessary.
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GROSS is: a. the entire amount of income before any deductions are made; or, b. any total amount before any deductions (examples: gross income or gross labor).
C&I (COST & INSURANCE), in a price that is quoted 'C&I', means that the cost of the product and insurance are included in the quoted price. In this case, the cost of shipping would be borne by the buyer.