Hi,
I’m slightly confused about the meaning of this paragraph. I understand the individual words, but the fact that it’s a bit too wordy makes it difficult for me to grasp it.
Thank you.
Okay, of course this is confusing. ). Many of the terms in the definition are specialized terms used only in accounting (and not among the general public).
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Okay, of course this is confusing. This appears to be a definition of a particular kind of contract (if so, what is the name of that contract?). Many of the terms in the definition are specialized terms used only in accounting (and not among the general public). You would need to know what all those terms mean in order to know what the paragraph is saying.
I am not an accounta