Accounting Terms Dictionary

Select a letter below to view all accounting terms that begin with that letter.


A markdown is a reduction in sales price.

Markdowns are usually taken to get rid of the old inventory because new inventory is on its way or to increase sales to meet sales goals or as loss leaders.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.