Toll and Contract Manufacturing

Meaning of Toll Manufacturing and Contract Manufacturing Toll Manufacturing and Contract Manufacturing both are forms of outsourcing of production. In both the manufacturing arrangements, Companies get the production work …

Trade Acceptance

Meaning of Trade Acceptance Trade Acceptance refers to a contractual obligation acknowledging the existence of a debt. It is a time draft or bill of exchange for a specific …

Short-term Liabilities

A liability is a debt or legal obligation of the business to another individual, bank or entity. There could be both short-term liabilities as well as long-term liabilities. Liability …