0
One that reduces the gross amount of another account to derive a net balance. Accumulated depreciation, which is a contra account to fixed assets to obtain book value, is an example of an offset account. Discount on note payable, which is a reduction of notes payable to derive the carrying value, is another example.
What else can I help you with?
Define management accounting system?
The definition of management accounting system is a system that was designed for a company that provides the information that is necessary for the company to make projections and decisions. It provides accurate and current information.
Is a 401k an asset?
No,In financial accounting, assets are economic resources owned by business or company.A 401 is personal money account, so it does not fall under the definition.
What is the definition of the term capital formation?
Capital formation is essentially a term used to describe a company or governments total accumulation of funds in an accounting year. This is commonly practiced in many businesses.
What is the offset for a Class C IP address?
The offset for a Class C IP address is 24 bits.
What is accounting module?
An accounting module refers to a set of standardized parts of accounting that are used in teaching the accounting students. The accounting modules are usually broken down into a number of subjects to enable the learners to easily understand certain accounting concepts.
Definition of computer accounting?
Writing resume/, economic,/ statement month/,finance,and business
What is the definition perpendicular offset?
The measurements are taken at right angle to the survey line are called perpendicular offset
Give the definition of accounting as proposed by the American Accounting Association?
check your answer
Give the 3 definition of accounting?
what is the answer!!
What is the definition of WinCA software in accounting software packages?
Window Based Complete Accounting...
Definition of public sector accounting?
devinition
What definition of accounting?
A narrative or record of events.
Definition of accounting by American Institute of Certified Public Accountants?
standards issued by American Institute of Certified Public Accountants?
Definition of accounting equation?
Assets = Liabilities + Equity
Definition of ethics of accounting information?
Ethics of accounting information is providing accounting information to make good economic decisions in the financial statement of the organization.
Definition of the word accounting?
Barack Obama's mama is a lama
What is the definition of accounting according to American accounting association?
According to the American Accounting Association, accounting is defined as the process of identifying, measuring, and communicating economic information to permit informed judgments and decisions by users of the information. This definition emphasizes the importance of providing relevant financial data to stakeholders for effective decision-making.
