TIME VALUE OF MONEY Definition

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TIME VALUE OF MONEY is the idea that a dollar today is worth more than a dollar in the future, because the dollar received today can earn interest up until the time the future dollar is received.

Learn new Accounting Terms

REVENUE PRINCIPLE is where revenues are recorded when they are earned regardless of timing of cash receipts.

BAS, among many others, can mean Basic Accounting System, Business and Administrative Services, or Bachelor of Arts and Sciences.

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