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

BENEFICIARY is a person who benefits from the terms of a trust, pension or provident fund, or other deferred income plan, or an insurance policy. In banking, it is the person in whose favor a letter of credit is issued or a draft is drawn.

WHOLESALE is the selling of goods to retail merchants; usually in large quantities for resale to consumers.

Suggest a Term

Enter Search Term

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