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What is 2/10 N 30? Definition: 2/10 N 30 or 2/10 net 30 is a term that is used in business to business credit sales. It signifies the discount of 2% that a buyer is entitled to if payment is made within 10 days of the invoice...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text] What is the Ability to Pay Principle? Definition: The ability to pay principle is a method of taxation that seeks to tax those with greater incomes at higher rates. This form of progressive taxation is viewed as being fair and...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]What is an Accounting Worksheet?Definition: An accounting worksheet is a tool used to ensure that the financial statements prepared by a business at the end of an accounting period are accurate and do not contain any errors. It is...

What is Accumulated Amortization?Definition: Accumulated amortization refers to the total of the expense that has been charged over the years to reduce the value of an intangible asset like a patent or a copyright.What Does Accumulated Amortization Mean?When an organization acquires an intangible asset that depletes...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text] What is Additional Paid In Capital (APIC)? Definition: Additional paid in capital (APIC) is received from investors when a company issues share capital. The amount that is collected for each share is equal to the sum of the share’s par...