General accounting

General accounting

Use this category for general accounting terms.

Industry: Accounting

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General accounting

closing balance

Accounting; General accounting

The positive or negative amount remaining in an account at the conclusion of an accounting period that will be carried forward to the next period. Most business accountants will provide a closing ...

Two to five day period during which local checks or drafts deposited by a payee bank's customer are presented for payment at the drawee bank, and the proceeds are credited to the customer's account. ...

clean

Accounting; General accounting

Auditor's certificate that is free from any adverse opinion.

clean balance sheet

Accounting; General accounting

A balance sheet which doesn't show any debt.

clean surplus concept

Accounting; General accounting

Belief that the income statement should show all gains and losses of the company and no gains or losses directly related to equity.

clear days

Accounting; General accounting

All the days in a schedule or timeline, except the day of commencement and day of completion.

close period

Accounting; General accounting

The time period between the finalizing of the balance sheet and the company's announcement to the public of the results. The time period is typically two months preceding an announcement at which ...