MANUFACTURING CONCERN Definition

Bookmark and Share

MANUFACTURING CONCERN is an entity that derives its products for sale, thereby revenue, through the direct manufacture of those products.

Learn new Accounting Terms

ALLOWANCE FOR NOTES RECEIVABLE LOSSES is an account maintained at a level considered adequate to provide for probable losses. The provision is increased by amounts charged to earnings and reduced by net charge-offs. The level of allowance is based on management's evaluation of the portfolio, which takes into account prevailing and anticipated business and economic conditions and the net realizable value of securities held.

NZICA stands for New Zealand Institute of Chartered Accountants.

Suggest a Term

Enter Search Term

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