Usually minor, inadvertent negligence in computing a figure, or recording or copying a fact or statement. Also called clerical mistake.
Two to five day period during which local checks or drafts deposited by a payee bank's customer are presented for payment at the drawee bank, and the proceeds are credited to the customer's account. Also called clearance time.Read more: http://www.businessdictionary.com/definition/clearing-cycle.htm ...
The positive or negative amount remaining in an account at the conclusion of an accounting period that will be carried forward to the next period. Most business accountants will provide a closing balance to management that represents the net difference between credits and debits in the ledgers they ...
Transfer of account balances from subsidiary ledgers (containing nominal or temporary accounts) to income summary account at the end of an accounting period. Also called closing the accounts or closing the books.
A business or corporation owned by a few people that utilize this method for investments and securities
Financial transaction completed within an accounting period.
The time period between the finalizing of the balance sheet and the company's announcement to the public of the results. The time period is typically two months preceding an announcement at which time insiders are not allowed to repeat or report the company's shares.
All the days in a schedule or timeline, except the day of commencement and day of completion.
