dear all
what is the meaning of the word "rates" in the term "rent and rates" ?
i am studying overheads costing and i could not find the meaning. please reply asap.
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Rent and rates
Replies (1)
Dear
The terms RATES have been taken from british accounting terms. rates normally referes to water charges paid to land lord in addition to the annual rent.
hoping it will suffice your concerns.
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