ACCEPTANCE SAMPLING Definition

Bookmark and Share

ACCEPTANCE SAMPLING is statistical sampling to determine whether internal control compliance is greater than or less than the tolerable deviation rate.

Learn new Accounting Terms

CONTROLLABLE EXPENSE expenses that can be controlled or restrained by management. Some of the costs of doing business can be postponed or spread out over a longer period of time (e.g., personnel costs, travel & entertainment, marketing expense).

3% RULE see THREE PERCENT RULE.

Suggest a Term

Enter Search Term

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