BILL IN PLACE Definition

Bookmark and Share

BILL IN PLACE see SHIP IN PLACE.

Learn new Accounting Terms

TRANSACTION FILE is a collection of transaction records. The data in transaction files is used to update the master files, which contain the data about the subjects of the organization (customers, employees, vendors, etc.). Transaction files also serve as audit trails and history for the organization.

UNDERABSORBED BURDEN is where total employee costs, other than salaries, have not been fully allocated to products sold or services offered.

Suggest a Term

Enter Search Term

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