IMPAIRMENT OF VALUE is the permanent decline in the value of an asset. The entry is to debit the loss account and credit the asset for the loss in utility. See also FRS 11.
CREDITORS TURNOVER = Average creditors / (Credit Sales / 365).
CONSUMMATE is to bring to completion or fruition; conclude, e.g., consummate a business transaction.
Enter a term, then click the entry you would like to view.