LICENSE Definition

LICENSE is a legal document giving official permission to do something.

Learn new Accounting Terms

INCOME AFTER TAXES is the net profit earned by the company after deducting all expenses like interest, depreciation and tax. PAT can be fully retained by a company to be used in the business. Dividends, if declared, are paid to the share holders from this residue.

SUNDRY CREDITORS refers to companies or individuals to which money is owed.

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