Home >  Term: consequential account
consequential account

A profit and loss account. Accounts that do not belong to the assets, liabilities or equity.

The following drawers solely contain consequential accounts:

-Revenues

-Cost of Sales

-Expenses

-Financing

-Other Revenue and Expenses

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  • Part of Speech: noun
  • Industry/Domain: Software
  • Category: ERP
  • Company: SAP

Creator

  • Kristen
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