FULL ABSORPTION COSTING Definition

Bookmark and Share

FULL ABSORPTION COSTING see ABSORPTION COSTING.

Learn new Accounting Terms

AUDIT TRAIL is a step-by-step record by which financial, business, and quality assurance data can be traced to its source. For example: checking the validity of an accounting entry through the step-by-step record by which accounting data can be traced to their source.

ASSET REVERSION is asset recovery by the sponsoring employer through termination of a defined benefit pension fund and/or of assets in excess of amounts required to pay accrued benefits of a pension fund. In the U.S., assets recovered through reversion are subject to corporate income tax and an excise tax.

Suggest a Term

Enter Search Term

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