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Glossary of Terms
Base Year |
The Company's current fiscal year.
Since complete financial statements are not
available for the current year, sales and income are
projected based on the expectations of management. A
double base year is used when the Company is within
a few months of the end of its fiscal year, or has
completed its fiscal year but does not yet have
financial statements for that year.
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Book Value |
The value at which an asset is
carried on a company's balance sheet. See Recase
Book Value. Best Replica Watches
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Bill of
Sale |
A written instrument which is the
evidence of transfer of one persons right in
personal property to another.
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