PIERCING THE CORPORATE VEIL Definition

PIERCING THE CORPORATE VEIL is a legal concept through which a corporations shareholders, who generally are shielded from liability for the corporations activities, can be held responsible for certain actions.

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MATCHING, in accounting, is the matching of invoices to purchase orders and delivery notes prior to payment.

SAME STORE SALES is used when analyzing the retail industry. It compares sales in stores which have been open for a year or more.

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