POST is the transfer of accounting entries from a journal of original entry into a ledger book, in chronological order according to when they were generated.
BY-PRODUCTS are incidental products resulting from the processing of another product.
OPERATIONAL GEARING is the higher the proportion of fixed costs relative to variable operating costs, the higher the operational gearing. This results in greater business risk. A retailer has high fixed costs relative to variable costs, so has a lot of business risk. See GEARING and FINANCIAL GEARING.
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