Related Words

Count: The number of pins knocked down with the first ball in a frame.

Dividends Account: The account used to reflect periodic distributions of earnings to the owners (stockholders) of a corporation.

Double-Entry Accounting: A system of recording transactions in a way that maintains the equality of the accounting equation.

Statement Of Financial Accounting Standards No. 8: The currency translation standard currently used by U.S. firms. It mandates the use of the current rate method. See: Statement of Financial Accounting Standards No. 8.

Debtors (Control Account): An account in the nominal ledger which contains the overall balance of the Sales Ledger.

Drawings Account: The account used to reflect periodic withdrawals of earnings by the owner (proprietor) or owners (partners) of a proprietorship or partnership.

Creditors (Control Account): An account in the nominal ledger which contains the overall balance of the Purchase Ledger.

Cost Accounting: Another term for expenditure. See also expenses.

Cost Method Of Accounting For Investments In Stocks: Method used to account for an investment in the stock of another company when less than 20 percent of the outstanding voting stock is owned.

Creative Accounting: A questionable! means of making a companies figures appear more (or less) appealing to shareholders etc. An example is 'branding' where the 'value' of a brand name is added to intangible ass . . . View Full Definition