ORDER OF PERMANENCE Definition

Bookmark and Share

ORDER OF PERMANENCE is where fixed assets are entered in the balance sheet in descending order of permanence (i.e. land first, then buildings, then equipment ...).

Learn new Accounting Terms

TOTAL LIABILITIES & NET WORTH is the sum of all liability items and Net Worth.

INVESTMENT TURNOVER is a profitability measure used to calculate the number of times per year an investment or assets revolve.

Suggest a Term

Enter Search Term

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