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5 Cards in this Set
- Front
- Back
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Provisions |
Amount that you put in aside in your accounts to cover a future liability. The purpose is to make current yr balance more accurate, as there may be costs whih could yo some extent be accounted for in either the current or previous financial year. Only obligations arising from past events existing independentlu of a companys future actions that are recognized as providions |
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Retained earnings |
The percentage of net earnings not paid out as dividends, but retained by thr company to be reinvested in its core business or to pay debt. |
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Revaluation surplus |
Increasing or dicreasinh carrying value in case of major changes in fair market value of the fixed asset. |
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Revenue |
Income from sale of goods/services or any use of assets, associated with main operations of an organization before any costs or expenses are deducted |
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Rights issue |
Issue of shares offered at a special price by a company to its existing shareholders in proportion to their holding of old shares |
