COST EFFECTIVE Definition

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COST EFFECTIVE is when a judgment is made that something is economical in terms of the goods or services received for the money spent.

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TRADING SECURITIES is investment in securities with the intention of selling them in the short term for a profit. These are reported at market value. Unrealized gains or losses on these investments appear in the Net Income for the period.

ACCOUNT CURRENT is a running or continued account between two or more parties, or a statement of the particulars of such an account.

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