ABSORB Definition

Bookmark and Share

ABSORB is to assimilate, transfer or incorporate amounts in an account or a group of accounts in a manner in which the first entity loses its identity and is "absorbed" within the second entity. For example, see ABSORPTION COSTING.

Learn new Accounting Terms

DR, in accounting, is an acronym for Debit Record. See DEBIT RECORD.

BRAND IMAGE is the view held by consumers about a particular brand of good or service. The stronger the brand image the more inelastic the demand for the product is likely to be.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.