EFFECTIVE TAX RATE Definition

Bookmark and Share

EFFECTIVE TAX RATE is the net rate a taxpayer pays on income that includes all forms of taxes. It is calculated by dividing the total tax paid by taxable income.

Learn new Accounting Terms

TRANSFER JOURNAL ENTRY is used to allocate an expense or revenue from one account or sponsored project to another, or to transfer funds between object codes within an account or sponsored project. Transfers journal entries should include a description of the item(s) and explanation of why the transfer is necessary.

BATCHING, in accounting, is the gathering and organizing of incoming invoices prior to processing.

Suggest a Term

Enter Search Term

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