PRICE Definition

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PRICE is the property of having material worth. Price is usually indicated by the amount of money something would bring if or when sold.

Learn new Accounting Terms

ACCOUNTING SYSTEM is the set of manual and computerized procedures and controls that provide for identifying relevant transactions or events; preparing accurate source documents, entering data into the accounting records accurately, processing transactions accurately, updating master files properly, and generating accurate documents and reports.

DUMPING is the selling of merchandise in a foreign country at, or, below cost in order to seize market share.

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