[ A ] [ B ] [ C ] [ D ] [ E ] [ F ] [ G ] [ H ] [ I ] [ J ] [ K ] [ L ] [ M ]
[ N ] [ O ] [ P ] [ Q ] [ R ] [ S] [ T ] [ U ] [ V ] [ W] [ X ] [ Y ] [ Z ]
[ L ]
Liability
o A present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.
Liquidity
o The availability of cash in the near future after taking account of financial commitments over this period.
Losses
o Decreases in economic benefits and as such they are no different in nature from other expenses.
Last in first out (LIFO)
o a basis for costing the material content of a job on the basis that the newest stocks are used first.
Leverage
o refer to gearing
Liabilities
o amounts that a business owes to shareholders and outsiders. These may include debts of either a short-term or long-term nature.
Limited liability company
o a company limited by shares or guarantee is one where members are responsible only to the extent of their share capital or guarantee in the event of liquidation.
Liquid assets
o current assets minus stocks, being the least-liquid current asset
Wednesday, July 1, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment