ANTITRUST LAWS Definition

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ANTITRUST LAWS is U.S.legislation to prevent monopolies and restraint of trade.

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STOCKTAKING is the process of counting and evaluating stock-in-trade, usually at an organizations year end in order to value the total stock for preparation of the accounts. In more sophisticated organizations, in which permanent stock records are maintained, stock is counted on a random basis throughout the year to compare quantities counted with the quantities that appear in the, usually, computerized records.

AFE, dependent upon usage, is an acronym for Authorization for Expenditure or Average Funds Employed.

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