13:15 Feb 23, 2006 |
Dutch to English translations [PRO] Bus/Financial - Accounting | |||||||
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| Selected response from: LouisV (X) Australia Local time: 19:32 | ||||||
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Summary of answers provided | ||||
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4 | real or prescribed LIFO system |
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3 | Stocks valued on the basis of inflation accounting |
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Discussion entries: 6 | |
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real or prescribed LIFO system Explanation: substantialistisch is a Germanism. LIFO means 'Last In, First Out'. As apposed to FIFO (First In, First Out), which are different ways of determining the accounting value of items held in stock that may have been received at different dates and at a different cost. I am not so sure about 'ministeriele'. I presume what is meant, is a system imposed by the government for tax accountng. |
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2 hrs confidence:
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