General accounting

General accounting

Use this category for general accounting terms.

Industry: Accounting

Add a new term

Contributors in General accounting

Become a Contributors

General accounting

accumulating shares

Accounting; General accounting

Common stock (ordinary shares) issued to current stockholders of the firm in lieu of a dividend, to help them avoid paying income tax. Capital-gains tax, however, must be paid on such shares.

accumulation

Accounting; General accounting

Assigning profit to firm's capital reserve instead of distributing it as dividends. See also retained earnings.

accumulation option

Accounting; General accounting

Life insurance policy provision which allows policy dividends to accumulate with the insurer for accruing interest. Also called accumulation At interest option.

accumulation unit

Accounting; General accounting

Type of investment trust or mutual fund (unit trust) in which the dividend income (after paying income tax) is reinvested to increase the amount of investment (unit).

Freedom from error (correctness), or closeness to truth or fact, resulting from exercise of painstaking care or due diligence. Accuracy depends on how the data is collected, and is usually judged by ...

back-end load

Accounting; General accounting

Fee charged by mutual funds (unit trusts) to shareholders (unit holders) who sell their shares (units) before the prescribed period of unit-holding (usually eight years) is over. This fee declines ...

back charge

Accounting; General accounting

A billing that is made to collect an expense that is incurred in a previous billing period. This may be an adjustment that is due to an error, or it could be for the purpose of collecting an expense ...