Examlex
When management by exception is employed,both favorable and unfavorable variances should be investigated.
Income Splitting
A tax strategy used to transfer income from a higher-tax-rate taxpayer to a lower-tax-rate taxpayer to reduce the total tax paid.
Salary Allowances
Additional monetary benefits provided to employees on top of their regular salary, potentially for specific purposes or expenses.
Capital Account
An account on a country's balance of payments that records transactions involving the purchase and sale of assets, representing changes in ownership of international assets.
Partnership Agreement
A contract between partners in a business that outlines the terms of the partnership, roles, and share of profits or losses.
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