KROON (KROONI) Definition

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KROON (KROONI) is a currency of Estonia.

Learn new Accounting Terms

WIP is an acronym for Work in Process/Progress. Usually refers to inventory that has value added from labor or additional processing. When considered for inventory value, the value of the raw material plus the value added component is accounted for in determining the value of that inventory at that point in the process.

COMPOUND JOURNAL ENTRY is a journal entry that involves more than one debit or more than one credit or both.

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