OUTPUT VAT Definition

Bookmark and Share

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

Learn new Accounting Terms

TRUE-UP, generally, is to make level, square, balanced, or concentric. Used in business as an expression meaning to "bring into alignment" with predetermined criteria or process.

BENCHMARK is a study to compare actual performance to a standard of typical competence; or, a standard for the basis of comparison as being above, below or comparable to.

Suggest a Term

Enter Search Term

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