TUGRIK Definition

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TUGRIK is a currency of Mongolia.

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DIRECT WRITE-OFF METHOD is a method of accounting for bad debts that records the loss from an uncollectible account receivable at the time it is determined to be uncollectible; no attempt is made to estimate uncollectible accounts or bad debt expense.

PROFIT is the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses).

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