DEBIT NOTES Definition

Bookmark and Share

DEBIT NOTES are issued to indicate a short payment.

Learn new Accounting Terms

UNICAP see UNIFORM CAPITALIZATION RULES.

CURRENT PORTION OF LONG-TERM DEBT is only that portion of long-term obligations (payable in more than one year) which are owed and payable in the current year; e.g. the portion of a five-year loan or lease that is due in the current calendar/fiscal year.

Suggest a Term

Enter Search Term

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