ACCRUED PAYROLL Definition

ACCRUED PAYROLL is a liability arising from employees salary expense that has been incurred but not paid.

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INVENTORY LOAN is a loan that is extended based upon the, usually, discounted / factored value of a business inventory.

TRIPLE P is a productivity model wherein the interrelationship between productivity, profitability and performance, as well as, effectiveness and efficiency are plotted in a schematic view where the main difference between these five terms can be captured.

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