Accounting Terms

Mark to Market
Mark To Market (MTM)
Mark to Market is an accounting way of calculating asset’s or companies fair value on a daily basis. This term
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Prepayments
Prepaid Expense
Prepaid Expenses means an amount paid in full for the future period, and expense out monthly / Quarterly / Annually as per
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Liquidity
Liquidity
Liquidity is one of the impacting features of an asset which interprets the act of converting an asset into cash
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Cash in Transit
Cash In Transit / Deposit In Transit
As per wording ‘Cash In Transit’ OR ‘Deposit In Transit’, the straight meaning is that the cash is arriving OR
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Brokerage
Brokerage
Brokerage is the term used for the amount received by the broker for facilitating buyer and seller or any two
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Payment Voucher
Voucher
Meaning – Voucher is a proof of payment. It proves that on a certain date, for a specific reason or
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Fixed-Assets
Fixed Assets
Meaning – Fixed Assets are the assets which are used to run a day to day business and does not
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Current Assets
Current Assets
Meaning – Any asset of the business which is expected to be converted into cash within one year is called Current
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