ACCOUNTING STANDARDS BOARD (ASB) Definition

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ACCOUNTING STANDARDS BOARD (ASB) makes, improves, amends and withdraws accounting standards. Many of ASBs specialize in the various fields or sectors of accounting.

Learn new Accounting Terms

PROFITABILITY is companys ability to generate revenues in excess of the costs incurred in producing those revenues.

BANK RECONCILIATION is the verification of a bank statement balance and the depositor's checkbook balance.

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