LOSS LEADER is a featured article of merchandise sold at a loss in order to draw customers.
TRUE AND FAIR VIEW is one of the most prominent principles of accounting. It suggests that an enterprise should provide a true and fair view about its financial conditions and operating results. The concept of true and fair view does not mean absolute truth about enterprises. Financial statements are a product of managements judgments and estimates. The principle of true and fair view requires comparative truth about the enterprises picture. True and fair view is rather defined operationally; it is thought to be accomplished by complying with all other lower accounting principles.
PURCHASE AGREEMENT is a contract stating the terms of a purchase.
Enter a term, then click the entry you would like to view.