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Taxes

Accounts receivable

is known as accounts payable.

Accounts payable is a term commonly used in the world of finance. It refers to the amount of money a company owes to its creditors, which is recorded as a liability on its balance sheet. These are typically unsettled transactions or claims that are part of the normal course of a business. As a knowledgeable professor, it is important to understand the significance of this term and how it impacts a company's financial standing.

Subsidiary company

A subsidiary is a company that is controlled by another company, also known as the parent company. Various factors, such as the percentage of shares owned, are taken into co...

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Tax expenditure

Tax incentives are provisions in tax laws that deviate from the standard tax system and aim to benefit a specific sector, activity, or group of taxpayers. These incentives c...

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Withholding tax

In the realm of finance, it is important to understand the concept of withholding tax. This refers to a tax on income that is collected at the source, meaning a third party ...

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Expenses

In the world of finance, it's important to understand the difference between deductible costs and capital expenditures. Deductible costs are expenses that can be deducted im...

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