Bookmark and Share

GENERAL EXPENSE is expense not directly connected with any single department.

Learn new Accounting Terms

LCM RULE is an abbreviation for lower-of-cost-or-market rule. LCM requires that an asset be reported on the financial statements at the lower of purchase cost or market value.

DURATION DRIVERS represent the amount of time required to perform an activity.

Suggest a Term

Enter Search Term

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