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

FREIGHT is the charge for transporting something by common carrier.

ORDER OF LIQUIDITY is when items on a balance sheet are listed in order of liquidity. After cash, the other current assets are listed in order of liquidity or nearness to cash (i.e. Accounts Receivable first, then Inventory).

Suggest a Term

Enter Search Term

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