CONTRACT REVENUES Definition

Bookmark and Share

CONTRACT REVENUES are the revenues recognized under % of completion method.

Learn new Accounting Terms

LIFO LIQUIDATION is a reduction in the reported value of inventory below levels established in prior years under the LIFO method; arises when purchases for the period are not sufficient to offset the sale of inventory in the period.

PERPETUAL VALUATION see MARKET VALUE.

Suggest a Term

Enter Search Term

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