Finance

• GAAP stands for Generally Accepted Accounting Principles.

• Ploughing-back of profits is referred to retaining the profits and earnings of a business for the future expansion of the business.

• Corporate (Corporation) Tax is the biggest source of tax revenues for the Government of India.

• Green Audit examines the impact of the activities of an enterprise on environment.

• PBIDT stands for Profit before Interest Depreciation and Tax.

• EPS stands for Earnings Per Share.

• The ratio of dividends to earnings per share is called as Payout Ratio.

• Net Asset Value (NAV) is the value of a fund. NAV per unit is simply the net value of assets divided by the number of units outstanding.

• Forex stands for foreign exchange. It is the simultaneous buying of one currency and selling of another.