Member Contributions

Mutual Trading
Mutual trading refers to situations where the income of a company arises solely from contributions by its members, with those members being the owners of the company. These organizations often operate as mutuals or building societies, and their 'profits' are considered a surplus of contributions rather than taxable profit.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.