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General accounting

Use this category for general accounting terms.

Contributors in General accounting

General accounting

earnest money

Accounting; General accounting

A deposit paid to show good faith is termed as earnest money in accounting and this deposit enhances affiliation.


Accounting; General accounting

Record of all transactions. It can be a bank account.


Accounting; General accounting

Taking advantage of countervailing prices in different markets by the purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market to profit from ...

balance of payments

Accounting; General accounting

A record of transactions with the rest of the world over a particular time period. These include merchandise, services and capital flows.

back Office

Accounting; General accounting

The departments and processes related to the settlement of financial transactions (i.e. written confirmation and settlement of trades, record keeping).

derivative instruments

Accounting; General accounting

Financial instruments where the value or change in value is derived from an underlying instrument. Examples of derivative instruments include options, forwards and swaps. Derivative instruments are ...


Accounting; General accounting

The systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount is cost less residual value.

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