PROGRESSIVE TAX Definition

Bookmark and Share

PROGRESSIVE TAX is an income tax system to where the more income that is made the higher the tax percentage that must be paid.

Learn new Accounting Terms

COMPLETENESS deals with whether all transactions and accounts that should be in the financial statements are included. For example, management asserts that all purchases of goods and services are included in the financial statements. Similarly, management asserts that notes payable in the balance sheet include all such obligations of the entity.

FF&E is Furniture, Fixtures & Equipment (in real estate).

Suggest a Term

Enter Search Term

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