Examlex
Which of the following states that a company must perform strictly proper accounting ONLY for items that are significant to the business's financial statements?
Conditional Sale Contract
A contract for the sale of goods where the payment of the price, or part of it, is deferred and the full ownership of the goods does not transfer until certain conditions, typically the full payment, are met.
Rate of Return
The gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.
Compounded Semi-annually
A method of calculating interest where the interest is added to the principal twice a year, resulting in interest being earned on interest.
Compounded Semi-annually
Denotes the method of applying interest to a principal sum at mid-year and end of the year.
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