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ShintoMystery Mon Nov 11 2024 | 6 answers 939

What does CVP stand for in accounting?

CVP in accounting stands for Cost Volume Profit, which is a systematic examination of the inter-relationships between selling prices, sales and production volume, costs, expenses, and profits. It is used for short-term decision making and focuses on the difference between fixed and variable costs.

DongdaemunTrend Sun Nov 10 2024 | 5 answers 1264

What does RCN mean in accounting?

I'm trying to understand a specific term in accounting. I've encountered 'RCN' in some accounting documents and I'm not sure what it stands for or represents. Could someone explain the meaning of RCN in the context of accounting?

SejongWisdomKeeperElite Fri Nov 08 2024 | 6 answers 1421

What is the full form of ORC in accounting?

I don't understand this question. Could you please assist me in answering it?

HanRiverVisionaryWaveWatcher Mon Nov 04 2024 | 5 answers 1625

What does PCL stand for in accounting?

In accounting, PCL stands for Provision for Credit Losses. It represents an estimate of potential losses due to credit risk, such as defaults on loans or other credit instruments. PCL is considered an expense on the company's financial statements, reflecting the expected losses from bad debts or other credit-related issues.