DEFERRED REVENUE EXPENDITURE Definition

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DEFERRED REVENUE EXPENDITURE see DEFERRED EXPENDITURE.

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DOUBLE-ENTRY ACCOUNTING is a system of recording transactions in a way that maintains the equality of the accounting equation. The accounting technique records each transaction as both a credit and a debit. Double-entry bookkeeping (DEB) or accounting was developed during the fifteenth century and was first recorded in 1494 as a system by the Italian mathematician Luca Pacioli.

QUOTE is to name the price of an asset or service, e.g. stock price or investment.

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