ORDER OF PERMANENCE Definition

Bookmark and Share

ORDER OF PERMANENCE is where fixed assets are entered in the balance sheet in descending order of permanence (i.e. land first, then buildings, then equipment ...).

Learn new Accounting Terms

PREFERENCE SHARE CAPITAL is capital raised by an entity through the sale of preferred shares.

ATTRITION a reduction in numbers usually as a result of resignation, retirement, or death.

Suggest a Term

Enter Search Term

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