Five major categories in which accounts are divided: (1) Assets, (2) Liabilities, (3) Net assets, (4) Revenue, and (5) Expenditure. These accounts are generally further divided into groups and sub-groups within each class. See also chart of accounts.
Raw materials, work in process, finished goods, and cash at hand that continually flow within an organization.
(1) When investors utilize well-performing investments again for another investment strategy in hopes that the investments will continue to be successful on the market, or (2) the process in which bankrupt companies have favorable contracts upheld by the bankruptcy court but unfavorable contracts ...
a bank account which pays little or no interest, but from which the customer can withdraw money when he or she wants by writing checks.Also called cheque account
A part of a check that is kept for record keeping purposes. For example, the stub is the part of a payroll check that includes information about the current paycheck as well as payments to date. The check stub can also be a carbon copy of a check that is made when the original check is written.
It represents the fee imposed for placing on order for company checks. This expense is reported on a company's balance sheet.
Fraudulent scheme in which checks are issued against funds that a bank has credited into an account for deposited but uncleared checks (see check clearing). In effect, it is like an interest free and unauthorized loan which, with careful timing of deposits and withdrawals, can be turned into a ...
Number of days a bank can legally hold funds from a deposited check, before crediting them to the depositor's account. It is normally equal to the period a check takes to pass through the bank's clearing cycle.
