FUND THEORY Definition

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FUND THEORY views the organization as a series of funds or sub-funds represented by various services or departments.

Learn new Accounting Terms

NRV, in accounting, is Net Reserve Value.

WRITE-OFF is to decrease the value of an item, e.g., a tax write-off decreases tax liability, a vehicle involved in an accident can be declared a write-off if the cost to repair is in excess of the value of the vehicle.

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