Category: G

This term applies to an attorney’s misconduct that may see him lose his license to practice law.

Using historical gross profit percentages to estimate ending inventory.

Employee’s serious wrongdoing justifying instant dismissal.

Weekly advertising schedule’s rating points tally. Can be tallied for longer periods. The tally can represent the percent of targeted households reached once per week, or the percentage of them reached 100 times in the week, or any other combination. Known also as homes per rating point.

Country’s total debt, both public and private.

Total amount of monies taken in from sales, asset interest, and any rents, minus monies taken in from the sale of assets or an employee withholding tax. Typically done before deducting expenses.

Country’s total expenses, both public and private, excluding export expenses. Contrast Gross Domestic Product, which includes export expenses.

Tax levy on total business revenue rather than net income. Often done to utility companies.

Psychological and physiological attempt to measure national happiness as a part of GDP (Gross Domestic Product). Bhutan’s former King Jigme Singye Wangchuck coined it in 1972. Techniques vary, but a widely used, second-generation GNH metric uses seven specific indicators as a composite of quantitative and qualitative research: Economic, environmental, physical, mental, workplace, social and political wellness.

Accounting procedure. Posting cash discounts on purchases against a journal entry’s full invoice amount. Recording the discount can treat it as non-revenue, if deducted from the original debited amount or as revenue under ‘other income’. The recording occurs upon obtaining the discount, .