Useful Commerce Abbreviations 2019

This is a tabulation of 50 commerce abbreviations. This table is compiled keeping in mind the degree expected from Class 11 and 12 students, their area of interests and knowledge. The main motto here is to facilitate the comprehending of new subjects and subject matter, as well as to create interest among the students to learn effectively at their own pace with own understanding.

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Abbreviation Full Form
ASSOCHAM Associated Chambers of Commerce and Industry of India
VAT Value Added Tax
UNCTAD United Nations Conference on Trade and Development
TDS Tax Deduction at Source
TIN Tax Information Network
TAN Tax Deduction and Collection Account Number
STT Securities Transaction Tax
SDR Special Drawing Rights
RTP Reverse Tranche Position
PAN Permanent Account Number
OLTAS Online Tax Accounting System
NYSE New York Stock Exchange
NSDL National Securities Depository Limited
NAV Net Asset Value
NASDAQ National Association of Securities Dealers Automated Quotation
IPO Initial Public Offering
IMF International Monetary Fund
GDR Global Depositary Receipt
GATT General Agreement for Trade and Tariff
FPO Follow-on Public Offer
FII Foreign Institutional Investors
FICCI Federation of Indian Chambers of Commerce and Industry
FDI Foreign Direct Investment
FCCB Foreign Currency Convertible Bond
ECB External Commercial Borrowing
DICGC Deposit Insurance and Credit Guarantee Corporation of India
CPI Consumer Price Index
CII Confederation of Indian Industries
BIS Bureau of Indian Standards
BSR Basic Statistical Return
ASBA Application Supported by Blocked Amount
INC. Incorporated
GP Gross Profit
FOC Free of Cost
DISC Discount
CSR Corporate Social Responsibility
CPU Cost Per Unit
CIF Cost Insurance and Freight
C&F Cost and Freight
ADR American Depository Receipt
BEP Break Even Point
CPA Certified Public Accountant
COGS Cost of Goods Sold
CCS Cash Compensatory Scheme
FOB Freight on Board
IFCI Industrial Finance Corporation of India
LLP Limited Liability Partnership
MRTP Monopoly and Restrictive Trade Practices
NOI Net Operating Income
PSU Public Sector Undertakings

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The above mentioned is the concept, is elucidated in detail and the full forms of the abbreviations are furnished in the concept – ‘Useful Commerce Abbreviations’ for the Commerce students. To know more, stay tuned to BYJU’S.