G

gearing

the ratio between the business’s debt and equity finance.

goodwill

the excess price asked for the sale of a business over the value of its physical assets; an intangible asset, the price of which represents a payment for the existing client base and future profits.

gross

the total overall amount. For example, gross profit is the trading profit of a business without any deductions for business expenses.

gross profit

the excess of net sales over cost of goods sold usually expressed as a percentage.

GST-free

some supplies are GST-free, which means you do not charge GST for them but you are entitled to claim input tax credits for anything acquired or imported to use in your business.

2018-04-26T09:25:02+00:00

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