AGGREGATE THEORY Definition

AGGREGATE THEORY is a theory of partnership taxation in which a partnership is considered as an aggregate of individual co-owners who have bound themselves together with the intention of sharing gains and loses; under this theory, the partnership itself has no existence separate and apart from its members.

Learn new Accounting Terms

GMP is either Good Manufacturing Practice(s) or Gross Maximum Price.

DIRECTORS VALUATION is a valuation that is not an independent valuation.

Suggest a Term