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imported>Doug Williamson |
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| 1. ''Accounting.''
| | (LEL). ''Pensions and tax.'' |
| | | The level of income determined by the UK Treasury which allows employees to qualify for certain state benefits. |
| The value as recorded in a company’s books, in other words its accounts including its published balance sheet. | |
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| Historically, the book value of an asset was generally its original cost less any depreciation or other write-down in value.
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| This was distinct from - and could be very different from - prevailing market value, the fair market price which an asset might be expected to raise if offered for sale. (Or at which a liability might be settled.)
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| In order to address the problems arising from differences between book values and market values, accounting practice has moved substantially toward a system of book valuation which is aligned more closely with market values.
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| 2. ''Record keeping.''
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| A value recorded in an internal record of any kind, not necessarily accounting books and records.
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| Distinguished from the current market value.
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| | The primary threshold triggers payment of Class 1 National Insurance contributions. |
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| == See also == | | == See also == |
| * [[Balance]] | | * [[Earnings]] |
| * [[Balance sheet]] | | * [[Earnings cap]] |
| * [[Book]] | | * [[Upper earnings limit]] |
| * [[Book entry]]
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| * [[Book equity]]
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| * [[Capital]]
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| * [[Equity]]
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| * [[Fair value]]
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| * [[Historical cost]]
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| * [[Market/book ratio]]
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| * [[Market price]]
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| * [[Market value]]
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| * [[Market value added]]
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| * [[Net assets]]
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| * [[Net book value]]
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| * [[Return on capital employed]]
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| * [[Shareholders’ funds]]
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| * [[Two-way price]]
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| * [[Write down]]
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| [[Category:Accounting,_tax_and_regulation]]
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Revision as of 14:20, 23 October 2012
(LEL). Pensions and tax.
The level of income determined by the UK Treasury which allows employees to qualify for certain state benefits.
The primary threshold triggers payment of Class 1 National Insurance contributions.
See also
