Glossary-In Alphabetical Order
There are 1 names in this directory beginning with the letter C.
Capitalize:1. To charge an expenditure to a capital asset account rather than to an expense account. 2. To appropriate retained earnings for permanent retention, e.g. by the issue of a stock dividend. 3. To provide capital for a purpose.Cost of Goods SoldCost of Sales:The total cost of finished goods sold during an accounting period, whether purchased or manufactured; selling and administrative expenses are normally excluded.Current Liability:A liability whose regular and ordinary liquidation is expected to occur within one year or within the normal operating cycle where that is longer than a year. A liability otherwise classified as current but for which provision has been made for payment from other than current resources should be excluded.