BENEFIT PERIOD Definition

Bookmark and Share

BENEFIT PERIOD is the projected useful life time period over which an asset will be productive.

Learn new Accounting Terms

INTERNAL AUDITOR is an auditor who works directly for a company auditing its activities throughout the year. Internal auditors of corporations are often not certified auditors, though they usually have significant accounting experience. They should report directly to the board of directors of the corporation.

DOWN PAYMENT is a partial payment made at the time of purchase; the balance to be paid later as stipulated by contract; written or oral.

Suggest a Term

Enter Search Term

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