OCSE Definition

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OCSE is Office of Child Support Enforcement.

Learn new Accounting Terms

NET 10, 30, etc. usually refers to payment terms on an invoice, e.g. Net 10 2%, 30, would mean that if a purchaser pays the invoice within 10 days a 2% reduction in invoice amount may be enjoyed, but full invoice amount is due within 30 days.

OUTPUT VAT is VAT on a companys sales. See also VALUE ADDED TAX (VAT).

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