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This means an investment or money deposited in a deposit account with a bank that is available at call at any time without penalty. The term is usually less than a month.
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What does appreciation mean in accounting terms?
Great value.
What does debit mean in accounting terms?
take away from
What does CO PG mean in accounting terms?
There are a number of things that CO PG may mean in accounting. In most cases, these are used to mean controlling page. The meanings may vary depending on the context.
What is Dr and Cr stnd for?
In accounting Dr stands for Debit Cr stands for credit the terms literally mean Debit (left side of the accounting equation) Credit (right side of the accounting equation)
What does duality mean in accounting terms?
Every transaction has a dual effect (where the money came from, where the money goes to).
What does reliability mean in terms of accounting?
Reliability is a basic accounting principle, known also as the objectivity principle. The principle means that only transactions that can be verified will be entered into a company's books.
What do you call terms in math that almost mean the same thing?
synonyms
What is the difference between branch and department accounting?
A branch is a unit and a department is the sub unit in an organization. when we talk in terms of a branch we mean the accounting methodologies in respect of the unit consisting of all the departments working under it.
What does blue sky mean in accounting terms?
A law designed to protect the public from buying fraudulent securities. Answered by Dan Peterson, CPA
What does money measurement mean in accounting terms?
Money is used as the basic measuring unit for financial reporting -A resource will only be regarded as an asset and included in the balance sheet if it can be measured in monetary terms.
What does the phase steering clear of the rocks mean?
This phrase is sometimes used to mean " as you go along, stay away from these hazards" An example in more human terms could be: "Yes, by all means take a look at their accounting records but watch out for the Accounting Manager". The rocks are the dangerous manager who is not inclined to be firendly about someone checking the accounting records.
What do you mean by inflation account?
As in accounting inflation is the rise in price of any goods or commodity, which helps accounting to persue the relevant terms & condition according to the market condition.
