accounts payable
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managerial
(adj) relating to a manager or management
write-off
(business) to cancel a debt; to recognize that something is a failure, has no value, etc.
equity
(n.) the state or quality of being just, fair, or impartial; fair and equal treatment; something that is fair; the money value of a property above and beyond any mortgage or other claim
balance sheet
A financial statement that reports assets, liabilities, and owner's equity on a specific date.
cost ratio
The cost of merchandise expressed as a percentage of its retail selling price. Used in inventory estimating techniques, such as the gross profit method and the retail method.
account payable
The liability created by a purchase on account.
voucher
instrument authorizing a cash payment.
