Glossary Terms: B

Showing 10 terms starting with 'B'

Invoice issued for a sale where the buyer is a registered business.

Invoice issued for a sale where the buyer is an end consumer.

Receivable that is unlikely to be collected and is written off.

Financial statement showing assets, liabilities, and equity at a specific date.

Process of matching a company’s records with bank statements to identify differences.

Person who ultimately owns or controls an entity, even if not listed publicly.

Document issued for exempt or composition supplies where tax is not charged.

Formal decision passed by a company’s board of directors.

Level of sales at which total revenue equals total costs.

Permanent Account Number issued to businesses for tax identification in India.

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