General accounting

General accounting

Use this category for general accounting terms.

Industry: Accounting

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General accounting

deductive value

Accounting; General accounting

Imported item or shipment value derived by the customs on the basis of the price paid by independent buyers in the importing country for similar items or goods.

deemed substantiation

Accounting; General accounting

An alternative means used to determine the deductibility of business travel expenses by employees who are reimbursed by their employers with a "per diem" allowance as opposed to reimbursement for ...

defer

Accounting; General accounting

Intentionally delay or postpone until a future time.

deferral type adjusting entry

Accounting; General accounting

A change in the general ledger accounts to reflect a cost that will be included in the next year.

deferred acquisition costs

Accounting; General accounting

This involves holding off on recognizing costs related to insurance until the legal agreement has been signed by the insurance firm and the client.

deferred asset

Accounting; General accounting

An asset whose benefit is delayed beyond the period expected for a current asset, but which does not meet the definition of a fixed asset.

Cost that is accounted-for in the future (and not in the accounting period in which it is incurred) because of its anticipated future benefit, or to comply with the requirement of matching costs with ...