Accounting Definitions

Accounting definitions are defined by different authors in different ways. Accounting definitions are easy to understand and in easy language. Accounting definitions provides proper guideline & process in the preparation of different accounts of any thing.


Abatement can be defined as a reduction in the tax rate or tax liability that is applied to an individual or a business entity. Example of Abatement The major and most profound examples of abatement come in the case of property taxes however in

Consumer Durables

Consumer durables are the goods that are designed to last long and consumer don’t have to purchase them frequently due to their durability and resilience. Consumer durables are the goods that typically last for more than three years. Other names given to consumer durables
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