General accounting

General accounting

Use this category for general accounting terms.

Industry: Accounting

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General accounting

installation goods

Accounting; General accounting

Equipment or facilities that require large capital investment, and have long useful life. Such goods include buildings, structures, manufacturing plants, cranes, presses, and heavy construction ...

institutional financing

Accounting; General accounting

Loan or equity capital provided by a financial institution, instead of by one or more individuals.

insurable value

Accounting; General accounting

Replacement cost or actual cash value of a building for which standard insurance policies provide indemnity cover.

insurance expense

Accounting; General accounting

The amount that is recorded for payment of insurance during an accounting period. This expense can also be accounted for in future years if the payment remains the same

insured value

Accounting; General accounting

Amount for which an insurance cover is bought on a building, and the basis on which insurance premium is computed.

intangible asset

Accounting; General accounting

Intangible assets are the long-term resources of an entity, but have no physical existence. They derive their value from intellectual or legal rights, and from the value they add to the other assets.