Coding means assigning the proper code to the accounts. Sales Journal is where the entry for sales of goods is chronologically made. Total assets is the sum of all the fixed and current assets. For this, the company has to take certain measures such as reduce the credit period of the customers, negotiate with the suppliers, and increase its own credit period with them, maintaining the right level of inventory, which reduces the raw material costs and proper cash management which ensues that cash holding costs are reduced. Previous balance is an outstanding amount, which appears on the credit card statement on date when it is generated. Debentures are instruments used by the business to raise money. It includes direct material, labour, and factory overheads. Deferred is an asset or a liability that will be realized at a future date.
Marginal benefit is the extra amount of benefit derived by an increase or decrease in a unit of an activity. Sales invoice is the record of the transaction between the buyer and the seller, made by the seller. Yield curve is a graph or a curve that shows the relationship between maturity dates and yield. Parent company is the company which has a lot of subsidiaries under it. The party either an individual or a group of individuals or organizations that accepts the terms and conditions of a proposed agreement or contract put forth by another party. Some of the analytical solutions are so simple and effective that the calculations can also be conducted orally, without writing it down on a paper or using a calculator.