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DISC in Accounting Meaning

The DISC meaning in Accounting terms is "DISCounted". There are 2 related meanings of the DISC Accounting abbreviation.

DISC on Accounting Full Forms

  1. DISCounted
  2. Domestic International Sales Corporation A type of U.S. corporation, authorized in 1971, with income primarily from exports. Usually wholly owned U.S. subsidiaries, DISCs had special treatment in borrowing or taxation. A 1976 GATT case found against the U.S., which reached a compromise settlement with the EC in 1981. DISC was replaced in 1984 by foreign sales corporations.

Frequently Asked Questions (FAQ)

  1. What does DISC stand for Accounting?

    DISC stands for DISCounted in Accounting terms.

  2. What is the shortened form of Domestic International Sales Corporation in Accounting?

    The short form of "Domestic International Sales Corporation" is DISC for Accounting.

Citation

DISC in Accounting. Acronym24.com. (2022, March 31). Retrieved November 25, 2024 from https://acronym24.com/disc-meaning-in-accounting/

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