ABNORMAL GAIN Definition

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ABNORMAL GAIN see NORMAL LOSS.

Learn new Accounting Terms

ROG, in business, is an acronym meaning Receipt Of Goods.

FEEDBACK is the process in which part of the output of a system is returned to its input in order to regulate its further output, e.g. a management feedback system would assess the effectiveness of management or a given process and feed the analyzed results back into management for development of positive change.

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