GROSS PROFIT METHOD Definition

Bookmark and Share

GROSS PROFIT METHOD is an inventory estimate based on gross margin.

Learn new Accounting Terms

ABSORPTION see ABSORB.

BASIS, INVESTMENT, is the cost or book value of an investment. The gain or loss on an investment is the sale price less the basis. Basis is often called "cost basis."

Suggest a Term

Enter Search Term

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