TAX EFFECT METHOD Definition

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TAX EFFECT METHOD is where, irrespective of when is a tax payable, its effect should be recognized in the year in which the relevant income has been recorded.

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AUTHORIZE / AUTHORIZATION is to give permission for. For example, a manager authorizes a transaction by signing a voucher authorizing the disbursement.

INSERTION ORDER, in marketing, is an agreement that specifies aspects related to an advertising campaign.

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