VALUE ADDED TAX Definition

Bookmark and Share

VALUE ADDED TAX is a consumption tax where taxes are levied at each step of a manufacturing process where value is added to that product at that point in the manufacturing cycle; as well as at the point where the consumer purchases the end product.

Learn new Accounting Terms

MONEY MEASUREMENT PRINCIPLE see MONEY MEASUREMENT CONCEPT.

CURRENT CASH DEBT RATIO measures ability to pay current liabilities in given year with cash derived from operating activities. Calculated using net cash from operating activities divided by average current liabilities.

Suggest a Term

Enter Search Term

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