ASC Definition

Bookmark and Share

ASC is Accounting Standards Committee or Australian Securities Commission.

Learn new Accounting Terms

BILLABLE are those costs and/or expenses that are covered under a contractual agreement between two entities that may be billed to the receiving entity.

ACCRUAL is the recognition of revenue when earned or expenses when incurred regardless of when cash is received or disbursed.

Suggest a Term

Enter Search Term

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